What is called when you follow the terms of a trust after the grantor dies? "Execute the trust"? "Execute the terms of the trust"? Both? Something else?
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Terminology: "execute trust"?
Oct 05, 2007
4 Replies
The trustee is said to "administer" the trust.
-Mark Bole
once a trust is created, the trustee must "follow the terms of the trust", both before and after any relevant death.
I neglected to say that this is an Estate Planning Trust.
When someone dies, we speak of "probating his estate".
I am looking for similar terminology that describes the process of distributing the assets in the trust and closing the trust.
It doesn't matter what kind of trust it is. As someone else already noted, the best is "administer the trust." Stu
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