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Simple English definitions for legal terms

trust merger

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A quick definition of trust merger:

Term: Trust merger

Definition: Trust merger happens when the person who manages the trust and the person who receives the benefits from the trust are the same. This means that there is no longer a separation between the ownership of the trust property and the beneficiary's interest. The trust "merges" and disappears. In simpler terms, when the same person is responsible for managing and receiving benefits from the trust, the trust ends.

A more thorough explanation:

Trust merger is a situation where the trustee and the beneficiary of a trust are the same person or entity. In this case, the trustee's legal ownership of the trust property and the beneficiary's interest become one, and the trust ceases to exist.

John creates a trust and names himself as the trustee and his daughter as the beneficiary. However, John later decides to change the terms of the trust and names himself as the sole beneficiary. This action results in a trust merger, and the trust is dissolved.

Another example is when a company creates a trust for its employees and names itself as the trustee. If the company later decides to dissolve the trust and distribute the assets to the employees, a trust merger occurs.

These examples illustrate how trust merger occurs when the trustee and beneficiary become the same person or entity, resulting in the dissolution of the trust.

Trust Intent | Trust Property

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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