When a trust is closed, MSNT follows the requirements and terms of the trust agreement as well as applicable state and federal laws and regulation. Additional information about account closure can be reviewed in the MSNT Guide for Co-trustees and Beneficiaries.
MSNT trusts are closed for the reasons described in the chart below.
|Trust Type||Reasons for Trust Closure|
|Revocable Third Party Trusts||
|Irrevocable First and Third Party Trusts||
For each circumstance, the time frames and requirements will vary. Typically, closing activities require 60-90 days to complete but may take longer. If you have questions regarding closing procedures or status of closing, contact MSNT.
After closing, the co-trustee will receive a quarterly trust account statement reflecting final distributions.