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When you die, the trustee of your trust must look to the trust document for guidance on distributing trust assets.

Depending on the kind of trust you've set up, your assets may or may not have to go through probate.

To many the words “liquidating trust” connote bankruptcy, but that need not always be the case.

If the trust document specifies that its assets are to be distributed upon your death, your trustee must methodically liquidate trust assets – she must terminate the trust by paying off all of its creditors and distributing any remaining assets to its beneficiaries.KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.Please review KCC's Terms of Use and Privacy Statement for additional information regarding the data maintained on this website.For information about the data provided, please review the Disclaimer statement.Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.

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