El texto completo de esta guía está en inglés; el resumen anterior está en su idioma. Los resúmenes de las leyes y el inglés siguen siendo la fuente de referencia.
Closing · 6 min de lectura
When a trust ends
20 Pa.C.S. §7740 provides that a trust terminates to the extent it is revoked or expires under its terms, no purpose remains to be achieved, or its purposes have become unlawful or contrary to public policy; it may also be modified or terminated by consent or by the court as the following sections provide (§§7740.1, 7740.2).
Distribution and the reserve
On an event terminating or partially terminating a trust, the trustee distributes the trust property within a reasonable time to the persons entitled to it, subject to the right to keep a reasonable reserve for the payment of debts, expenses and taxes (20 Pa.C.S. §7780.7).
Closing the books
A trustee may settle its account without the court by sending the persons the statute lists a notice with the reason, the proposed distribution, estimated expenses and account statements for 30 months or the trust's shorter term; a recipient may object in writing within 60 days after the notice was sent (20 Pa.C.S. §7785.1). A trustee may instead file an account with the clerk of the orphans' court division, and files one whenever the court directs (§7797).
Claims by a beneficiary against a trustee are generally barred five years after the first of the trust's termination, the end of the beneficiary's interest, or the notice of a change of trustee after a removal, resignation or death (20 Pa.C.S. §7785(b)).
Las leyes, textualmente
Termination of trusts; proceedings for termination or modification of trusts - UTC 410
20 Pa.C.S. §7740 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Distribution upon termination
20 Pa.C.S. §7780.7 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Nonjudicial account settlement
20 Pa.C.S. §7785.1 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Filing accounts
20 Pa.C.S. §7797 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Preguntas frecuentes
When does a Pennsylvania trust end?
To the extent it is revoked or expires under its terms, no purpose remains, or its purposes become unlawful or contrary to public policy (20 Pa.C.S. §7740), or when modified or terminated by consent or the court (§§7740.1, 7740.2).
Can a Pennsylvania trustee keep money back at the end?
Yes. The trustee may keep a reasonable reserve for debts, expenses and taxes when distributing on termination (20 Pa.C.S. §7780.7).
Does a Pennsylvania trustee have to file a final account in court?
Only when the court directs (20 Pa.C.S. §7797). A trustee may instead settle its account without the court under §7785.1, with a 60-day period for written objections.
Lecturas relacionadas
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