A revocable trust can be ended relatively easily, in just three steps. The trust's founder and owner can typically dissolve a revocable trust at will.To close a bank account on behalf of someone who has passed away, you must have legal authority to manage the account. Edit, sign, and share sample letter to close trust account online. No need to install software, just go to DocHub, and sign up instantly and for free. Download PSECU forms including a credit application form, business loan application form, checking account application form with Visa debit card, and more. Trust assets come in a variety of forms, including life insurance proceeds, real property, investment accounts, and personal property (such as jewelry). Want to close a bank account? You might need to submit a written request. Estates and trusts are taxpayers for Pennsylvania personal income tax purposes.