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.
You might also like to view...
Long sentences are good because they force the reader to pay close attention
Indicate whether the statement is true or false
Discuss the advantages and disadvantages of using free online sources for statutes compared to using Westlaw or Lexis
What will be an ideal response?
List three places a paralegal working with employee benefits law might be employed.
What will be an ideal response?
How must an offer to make a unilateral contract be accepted?
A) by agreeing to accept the consideration for the required service B) by notifying the offeror that the offeree intends to perform the required service C) by performing the required service D) by promising to perform the required service