Termination of Trust

When a trusteeA person who stands in a fiduciary relation to another, having been given legal title to someone else’s property for the benefit of a third party. seeks to terminate a trustAn arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). because circumstances are so changed from the time when the trust was created that the trust’s continued existence no longer serves its intended purpose.