You may have been given the role of "trustee" over someone else's trust. As the trustee, you are responsible for properly administrating the trust. This creates a legal duty called a "fiduciary duty." As the trustee it is very important that you administer the trust...
Trusts
When a trust ends, what happens?
Many people turn to trusts in their estate plans because it gives them a lot of control over how they turn their assets over to their beneficiaries, while also allowing them to avoid probate on those assets. But a trust isn't forever. Eventually, it is applied and the...