Extinction of trusts: termination occurs on completion, illegality, impossibility, or express revocation of a revocable trust. A trust is extinguished when its purpose is completely fulfilled, becomes unlawful, becomes impossible to fulfil by destruction of the trust property or ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Extinction of trusts: termination occurs on completion, illegality, impossibility, or express revocation of a revocable trust.
A trust is extinguished when its purpose is completely fulfilled, becomes unlawful, becomes impossible to fulfil by destruction of the trust property or otherwise, or when a revocable trust is expressly revoked, identifying completion, illegality, impossibility, and express revocation as the operative grounds for termination.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.