trust merger
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust "merges" and ceases to exist.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • merger — merg·er / mər jər/ n 1: the absorption of a lesser estate or interest into a greater one held by the same person compare confusion 2: the incorporation and superseding of one contract by another 3 a: the treatment (as by statute) of two offenses… …   Law dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Merger doctrine (trust law) — 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… …   Wikipedia

  • Merger Cup — The Merger Cup is a series of annual sporting fixtures played between Queen Mary, University of London and its medical school Barts and The London School of Medicine and Dentistry. The event has taken place since the merger of the two… …   Wikipedia

  • Merger control — Competition law Basic concepts History of competition law Monopoly Coercive monopoly Natural monopoly …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Merger doctrine — The phrase merger doctrine or doctrine of merger may refer to one of several legal doctrines: Merger doctrine (antitrust law) Merger doctrine (civil procedure) Merger doctrine (copyright law) The merger doctrine in criminal law of lesser included …   Wikipedia

  • trust — trustable, adj. trustability, n. truster, n. /trust/, n. 1. reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. 2. confident expectation of something; hope. 3. confidence in the certainty of future… …   Universalium

  • Merger doctrine (property law) — In the law of real property, the merger doctrine stands for the proposition that the contract for the conveyance of property merges into the deed of conveyance; therefore, any guarantees made in the contract that are not reflected in the deed are …   Wikipedia

  • Merger mania — For the 1970 book, see Merger Mania. The term merger mania is used, as in financial and law journals, to describe a period of high activity in corporate mergers and acquisitions (M A),[1][2][3] with some merged companies then merging yet again… …   Wikipedia

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