How difficult is it to dissolve a revocable living trust?

Answer by  TomEdgar (9)

Usually, if the trustee is still alive the trust can be dissolved quickly with the attorney who created the trust. As long as it is still a living trust, usually the person in charge of the trust is the same as the beneficiary and the sole trustee.

Answer by  asanson (253)

If the person who created the living trust is still alive then it is easy to dissolve. An attorney is necessary to help with legal issues in the trust.

Answer by  Freidken (7)

Usually, if the trustee is still alive the trust can be dissolved quickly with the attorney who created the trust. As long as it is still a living trust, usually the person in charge of the trust is the same as the benificiary and the sole trustee.

Answer by  patti (29325)

It is not difficult; it is somewhat complex and should be done by an attorney. New documents must be drawn up, and filings made to change the power of attorney and health directives.

Answer by  phantsy (105)

A revocable living trust can be revoked or changed at any time for any reason as long as the grantor is alive and competent. The grantor maintains control of the trust. The process is fairly easy but, also oomplex and should be handled by an attorney as the assets are to be return to their original state.

Answer by  LouB (294)

This is not a difficult task, however it is advised that this be done with the assistance of an attorney.

Answer by  Joyce75 (25)

Depending on the State in which you live in the process of dissolving a Revocable Living Trust can vary. The state where the Revocable Living Trust was created and funded indicate the laws which should be followed in disolving the Trust.

Answer by  rainbow (96)

Not difficult,they are by definition "revocable" and can be dissolved at any time at the discretion of the trustees or possibly the creator(s) of the trust.

Answer by  sara99 (851)

Revocable means just that it is able to be altered, changed or dissolved until the time of the person's death. After death you may not alter the trust and then it is irrevocable. Have formal papers notarized before a death occurs with any changes for legal proof in the courts.

Answer by  JRossi17 (788)

It is difficult but not impossible. Your best avenue to accomplish something such as this would be to talk to an attorney. They will give you your best avenue and probably be the cheapest.