Private Community Discussion Forums & Sharing

Find answers, ask questions, and connect with your community around the world.
Share the knowledge. Help one another. Always remembering golden rule of Love thy Neighbor.

  • morag-janet-of-the-hill-family

    Member
    December 2, 2023 at 3:09 pm

    I found this online….”Discretionary Trusts, usually end when the trustees exercise their powers to bring the trust to an end and distribute all of the assets, …..either back to the original donor or to the trust’s beneficiaries. When taking steps to end a trust, trustees should consider: Recording their final actions in trustee minutes”…

    If it has no assets it should be as easy as recording it in the trustee minutes (dated) making sure the trustees and principal are in agreement and all signing the minutes.