Termination of Trusts Flashcards
1
Q
Termination of a Trust by Trustee
A
A trustee has no power to terminate the trust except as provided in the trust.
2
Q
Termination of a Trust by Beneficiary
A
Beneficiaries may compel termination of the trust if they are competent, all consent, and termination does not frustrate the purpose of the trust.
3
Q
Termination of a Trust by Settlor
A
A settlor can terminate the trust if he reserved the power to do so.
4
Q
Termination of a Trust by Court
A
A court can terminate the trust if the purpose becomes frustrated or impossible or illegal, or if there are changed circumstances.
