trust merger

Definition of "trust merger"
  1. 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
How to use "trust merger" in a sentence
  1. The lawyer explained the concept of a trust merger when both the trustee and beneficiary roles converge in one individual.
  2. Due to a trust merger, the trust no longer exists as he embodied both the trustee and beneficiary roles.
  3. After the trust merger, she alone had the legal ownership of the trust property.

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