Irrevocable Trust Asset Distribution

Summary

If assets remain in an irrevocable trust after termination in North Carolina, they should be distributed according to the trust terms. If the trust doesnt specify, a court may need to decide. Consult a local attorney for personalized advice.

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If you get rid of an irrevocable but assets are accidentally left in it what happens to the assets
Hello ****, if assets are accidentally left in an irrevocable trust after it has been terminated, they generally remain in the trust until properly distributed. Can you please tell me in which jurisdiction this is happening? Laws may vary depending on the location.
North carolina
In North Carolina:
- If assets remain in an irrevocable trust after termination, they should be distributed according to the trust terms.
- If the trust doesn't specify, a court may need to decide.
- Consult a local attorney for personalized advice.