trust merger
- A circumstance in a trust when the only trustee and the only beneficiary are the same person or institution, causing the trust to cease existence
- The lawyer explained the concept of a trust merger when both the trustee and beneficiary roles converge in one individual.
- Due to a trust merger, the trust no longer exists as he embodied both the trustee and beneficiary roles.
- After the trust merger, she alone had the legal ownership of the trust property.
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