4. How may a trust be terminated?

What will be an ideal response?


A trust may be terminated if the trust’s purposes have been fulfilled, the terms of the trust require termination, the trustor has revoked the trust, legal title and equitable title of the trust are held solely by the same person (note that many states allow for this to occur, in which case the trust will not terminate. In fact, it is common for people to now make trusts that allow for exactly the scenario in example 4 to occur without trust termination.), the beneficiaries agree that the trust purpose does not require the continuation of the trust.

Legal Studies & Paralegal

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