When Does an Irrevocable Trust End?

The successor trustee must distribute trust property to beneficiaries in accordance with an original trust agreement. An irrevocable trust expires after all trust property has been distributed and all accounts paid out.

How long does an irrevocable trust last?

Under California's “Rule Against Perpetuities,” an interest in an irrevocable trust must vest or terminate either within 21 years after the death of the last potential beneficiary who was alive when the trust was created or within 90 years after the trust was created.

When can you close an irrevocable trust?

After you designate a trust as irrevocable and then execute it, you usually cannot modify or terminate it. However, there are a few exceptions that allow the creator to modify or revoke it. It is a legal device used to manage the distribution of your assets after your death.