Merger doctrine (trust law)
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In the law of trusts the term "doctrine of merger" refers to the fusing of legal and equitable title in the event the same person becomes both the sole trustee and the sole beneficiary of a trust. In such a case, the trust is sometimes deemed to have terminated (with the result that the beneficiary owns the trust property outright).[1]
[edit] References
- ^ See R. Wellman, L. Waggoner & O. Browder, Palmer's Cases and Materials on Trusts and Succession 489 (4th ed. 1983).
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