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  2. Will Terminating an Irrevocable Trust Affect My Taxes? - AOL

    www.aol.com/terminating-irrevocable-trust-affect...

    Finally, it may be wise to consult a financial advisor or attorney before deciding to terminate an irrevocable trust. Bottom Line. Terminating an irrevocable trust can have significant tax ...

  3. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    For example, the trust may be depleted to such an extent that the management of the trust by a professional may be uneconomical. Changes in the law or circumstances surrounding the formation of the trust after the death of the grantor may dictate changes in the terms of the trust (or the termination of the trust itself.)

  4. How to Dissolve Your Trust in Just 3 Steps

    www.aol.com/finance/dissolve-trust-140011242.html

    For premium support please call: 800-290-4726 more ways to reach us

  5. Qualified personal residence trust - Wikipedia

    en.wikipedia.org/wiki/Qualified_personal...

    Residence trusts in the United States are used to transfer a grantor's residence out of the grantor's estate at a low gift tax value. Once the trust is funded with the grantor's residence, the residence and any future appreciation of the residence are excluded from the grantor's estate, if the grantor survives the term of the trust, as explained below.

  6. Merger doctrine (trust law) - Wikipedia

    en.wikipedia.org/wiki/Merger_doctrine_(trust_law)

    In trust law 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]

  7. Crummey trust - Wikipedia

    en.wikipedia.org/wiki/Crummey_trust

    A Crummey trust achieves an effect desired by some creators of such trusts by offering the recipient a window of time to take immediate control of the gift (often 30 days). The control offered only applies to the current gift - typically, an amount no greater than the annual exclusion amount - not the entire trust.

  8. Beneficiary (trust) - Wikipedia

    en.wikipedia.org/wiki/Beneficiary_(trust)

    In trust law, a beneficiary (also known by the Law French terms cestui que use and cestui que trust), is the person or persons who are entitled to the benefit of any trust arrangement. A beneficiary will normally be a natural person , but it is perfectly possible to have a company as the beneficiary of a trust, and this often happens in ...

  9. Society of Trust and Estate Practitioners - Wikipedia

    en.wikipedia.org/wiki/Society_of_Trust_and...

    The Board is responsible for the high-level strategic direction of STEP. Board members are the Directors of STEP with the legal authority and responsibility for the organisation. Directors are appointed by Council from among the serving Council members under an election process. One Director serves as Chair of STEP and two serve as Deputy Chairs.