What may occur to a trust besides termination if there are no living beneficiaries?

When a trust has no living beneficiaries, the assets within the trust typically pass to the trustor's heirs as outlined in the trust document. This arrangement ensures that the wishes of the trustor are honored even in the absence of designated beneficiaries. The trust document often contains provisions that dictate how the assets should be treated in such circumstances, providing a clear legal framework for the transfer of assets.

Trust law is designed to ensure that property is distributed according to the trustor's intentions, minimizing potential confusion or disputes after the trustor's death. If the trust document stipulates that the assets should go to specific heirs, those individuals will inherit the assets, which helps preserve the trustor's legacy and ensures compliance with their wishes in the estate planning process.

The other options do not accurately reflect typical trust outcomes. For example, transferring assets to random individuals does not align with the purpose of well-drafted estates, nor does an immediate reversion to the state occur under these circumstances unless specified in the trust terms. Additionally, there is no requirement for the trust to remain open for a certain duration without beneficiaries, as trusts are generally meant to facilitate asset distribution efficiently and in accordance with the trustor’s desires.