Law Offices of Frye & Vazquez, P.L.
Call Today. 305-508-5749 | 877-421-5473

Planning how a trust will end

Some people in Florida may want to consider creating a trust as part of their estate plan. A trust can be a good way to protect assets, but people should also be aware that trusts come to an end as well. It is important to plan how this will happen to ensure that the purpose of the trust is fulfilled.

The person who creates the trust is known as the grantor, and the person who is in charge of taking care of the trust is the trustee. The beneficiary is the person who benefits from the trust. The document that outlines the rule for the trust is known as the trust instrument.

If a trust property is made up of stocks or cash, the trust can come to an end when the beneficiary is paid the full amount. A trust may also end at a date or condition specified by the grantor. Conditions might be that a child will benefit from a trust until reaching a certain age or finishing college. This means a trust can also end while there is still property in it. When this is the case, the trustee and beneficiary may work together to ensure that the property is distributed. The trust instrument may include instructions on how this should be done.

Individuals who are creating a trust may want to talk to an attorney about what kind of trust they need and how to end it. A charitable trust might provide income for a surviving spouse or another individual while that person is alive, and the assets may pass to a charity after the beneficiary dies. There are also certain types of trusts that can be set up in the public interest and that may last much longer than any one person's lifetime.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying

  • I have known and worked with Austin Frye and his team since 2008. In that time he has helped serve both my business and personal legal planning needs. From guidance on reviewing and keeping shareholder and state documentation up to date... - Robert
  • It is difficult enough to cope with the emotional challenges of closing a parent's estate, and when you are also faced with the issue of your parents having insufficient documentation, and being remote from your siblings… - Zara L.
  • Austin Frye provided legal services to my father while alive and to his estate after his death; when showing the EP docs his firm prepared to other professionals (lawyers, financial advisors, accountants)… - Mark S
  • I've been a client of Austin Frye's for over 10 years. In that time, he's handled my estate/trust planning and asset protection as well as complicated business deals. - Leslie
  • Mr. Frye recently set up a complicated special needs trust for my son and, as usual, did a great job explaining it and in putting our minds at ease about our son's future well-being. - Dr. Howard
  • Massachusetts Bar Association
  • The Florida Bar 1950
  • CFP
  • Florida Bar Elder Law Member
  • Academy Of Florida Elder Law Attorneys
  • Florida bar Business law Member
  • NAELA National Academy of Elder Law Attorneys, Inc.
Email Us For a Response

Contact Us For Personal Attention To Your Legal Matter

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location

Get In Touch With Us
20900 W. Dixie Highway
Miami, FL 33180

Toll Free: 877-421-5473
Phone: 305-508-5749
Map & Directions