Trust-dissolved?

[kam1963]

What is the name of your state? Florida

Hi, just wanted to know is a living trust ever dissolved or complete? Also if there is a life estate on a piece of property and the people listed in the life estate no longer occupy the property, to whom does this transfer to?

Thank you in advance

 

[tranquility]

If the person who has the life estate is still alive, they still have rights to possession. That they are not living at the property is only relevant as to the potential of waste. (There may also be a violation of the life estate, depending on what the specific terms are.)

A trust will continue until it ends by its terms or by process of law. Depending on where you are, it might end when there is no corpus or if the trustee and beneficiary is/are the same.