Can beneficiaries of a trust terminate the trust and have the trust property transferred to them?
British Columbia, Canada
The following excerpt is from Pallot v. Douglas, 2017 BCCA 254 (CanLII):
The rule in Saunders v. Vautier provides that if all beneficiaries under a trust are sui juris and in agreement, they can terminate the trust and have the trust property transferred to them. The beneficiaries do not have a claim to the trust property directly, however; it must be transferred to them from the trustee upon the dissolution of the trust.
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