outofprobate

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All the beneficiaries of my trust have died. What shall I do?

If all the beneficiaries of your trust have passed away, you will need to take the following steps:

  1. Determine if there are any alternate or secondary beneficiaries named in the trust document.

  2. If there are no alternate beneficiaries, consult a legal professional to determine the proper process for distributing the assets according to the terms of the trust or according to the laws of your jurisdiction.

  3. If necessary, probate the trust estate to ensure a proper distribution of assets.

  4. Close the trust, either by distributing the assets to the remaining beneficiaries or by transferring the assets to a new trust with different beneficiaries.