How is a Trust terminated?

A Revocable Trust can be terminated by any of the creators of the trust during their lifetimes. Usually the trust remains in existence until after the deaths of the testators, or creators, and then automatically terminates when the assets are full distributed to the final beneficiaries. Once the assets are distributed to the beneficiaries, the trust no longer has corpus (assets), and without that legal element, the trust ceases to exist.