Legal Question in Wills and Trusts in Maine
dissolve a document
How can an irrevocable trust established in the State of Maine be dissolved?
Asked on 7/11/06, 7:50 pm
1 Answer from Attorneys
Jerome Gamache
Ainsworth Thelin & Raftice, P.A.
Re: dissolve a document
The method I am familiar with is the use of 18-A MRS 3-1102 to present to the Judge for approval an agreement between the Trustee and all beneficiaries of the Trust as the the resolution of a "controversy" to dissolve the trust. There may be another way to address the specific situation you have in mind, but specifics of the situation would need to be reviewed in a consultation for that purpose.
Answered on 7/12/06, 8:47 am