What Happens After the Grantor Passes Away?

Upon the death of the Grantor, the irrevocable trust continues to function according to its terms. The Trustee assumes the responsibility of distributing the remaining assets to the named beneficiaries. Since the assets are owned by the trust, they typically avoid probate, allowing for a more efficient and private administration process. This ensures the Grantor’s intentions are carried out without the delays and costs associated with probate proceedings.

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