Trust settlement refers to the process of distributing the assets of a trust to its beneficiaries after the trust has fulfilled its purpose or has been terminated. Some common synonyms for trust settlement are trust distribution, trust termination, trust closing, trust liquidation, trust dissolution, or trust winding up. Each of these terms describes the process of distributing the assets of a trust to the beneficiaries, either in cash or in kind, after all debts, taxes and expenses associated with the trust have been paid. Regardless of the term used, the primary objective of trust settlement is to transfer the assets of a trust in accordance with the instructions of the trust document and relevant laws and regulations.