A trust may be terminated:

Question

Quizplus · Accepted Answer

All of the choices are correct. A trust may be terminated in accordance with its terms, which means that when the purpose of the trust has been fulfilled or is no longer achievable, the trust will come to an end. A trust may also be terminated by the merger of all interests in the same person, which means when all beneficiaries and trustees become the same person, the trust ceases to exist. Lastly, a trust may be terminated via revocation by the settlor if allowed by the terms of the trust. In this case, if the settlor decides to revoke the trust, the trust will be terminated.

A Trust May Be Terminated