[WSBARP] Termination of Trust

[Jim Doran]

That sounds about right.  It is similar to the receipt for a distribution
in a probate matter.

Thanks,

Jim

James R. Doran
Attorney at Law
100 E. Pine Street -  Suite 205
Bellingham, WA 98225
(360)393-9506
jim at doranlegal.com
www.doranlegal.com


On Wed, Oct 27, 2021 at 9:42 AM Jeanne Dawes <jjdawes at goregrewe.com> wrote:

> I customarily get an Acknowledgement from the beneficiaries that they have
> received their full distributive share of the trust, approve all action of
> the Trustee, and state the trust is terminated.  Close the bank account, if
> any, and that’s it.
>
>
>
> *Jeanne*
>
>
>
> *Jeanne J.* *Dawes*
>
> Attorney at Law
>
> Gore & Grewe, P.S.
>
> 103 E. Indiana Avenue, Suite A
>
> Spokane, WA 99207-2317
>
> Voice:  509-326-7500
>
> Fax:      509-326-7503
>
> jjdawes at goregrewe.com
>
>
>
> INFORMATION CONTAINED IN THIS E-MAIL TRANSMISSION IS PRIVILEGED AND
> CONFIDENTIAL.
>
>
>
> *From:* wsbarp-bounces at lists.wsbarppt.com *On Behalf Of *Jim Doran
> *Sent:* Wednesday, October 27, 2021 8:45 AM
> *To:* WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
> *Subject:* [WSBARP] Termination of Trust
>
>
>
> Client is the Trustee of a Trust that has now become obsolete due to the
> transfer of all the assets per the terms of the Trust.  What do we do to
> terminate the Trust?
>
>
>
> I can prepare a "Termination of Trust" document to be signed and put in
> the file.  Does the IRS or any other entity need to be notified?   How do
> you wind up a Trust?
>
>
>
> Jim Doran
>
> James R. Doran
>
> Attorney at Law
>
> 100 E. Pine Street -  Suite 205
>
> Bellingham, WA 98225
> (360)393-9506
>
> jim at doranlegal.com
>
> www.doranlegal.com
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