| 释义 |
`1`trust merger `2`
"Nolo Everybody's Legal Dictionary":
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust "merges" and ceases to exist.
See Topic: Wills & Estate Planning |