What happens if I have a trust but there isn’t property in it?

If you have a trust that previously held property which has now been sold, and the trust doesn’t have any assets, the trust needs to be properly dissolved.  Often when a trust is created, there is also a Pour-Over Will which says that when you die, any property you have that did not get titled in the name of the trust is to be transferred in to the trust.  If you do not revoke the will, when you die, when the will is administered it will cause your property to go into the trust and then your family will have to administer the trust to distribute the property.  This will cause unnecessary time and expense.  If you no longer need the trust you should contact an attorney to properly dissolve it and make sure that your estate plan is up to date and will fit your current needs.