Who receives the trust res upon the termination of a trust?

Question

Quizplus · Accepted Answer

The remainder beneficiary is the one who receives the trust res upon the termination of a trust. This is because the remainder interest is the interest that is left over after the termination of the trust or the end of the current interest, which is usually the income interest held by the income beneficiary. The heirs may receive the remaining trust assets if they are named as the remainder beneficiaries, but not necessarily. The trustor does not receive the trust res upon termination since they have given up control and ownership of the assets to the trust.

Who Receives the Trust Res Upon the Termination of a Trust