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.
Termination of Trust
