Can a beneficiary of a deceased's trust request to terminate the trust at the age of 19?
Nova Scotia, Canada
The following excerpt is from N.S. (Re), 2007 NSSC 288 (CanLII):
The issue is raised as to whether the court should grant this application in light of the fact that based on the rule in Saunders v. Vautier, supra, at the age of 19 either of these beneficiaries, assuming that they are not under any disability, can require their trust to be terminated and the trust funds paid out to him or her without regard to the terms of the trust or the wishes of the trustees.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Can an incompetent beneficiary, properly represented by an attorney of her choice, terminate the trust? (Nova Scotia, Canada)
What is the difference between the interest of a life beneficiary and those of the residual beneficiaries of a trust? (Nova Scotia, Canada)
In what circumstances will a husband and wife be able to exercise control of a discretionary trust where the wife is a named beneficiary? (Nova Scotia, Canada)
When will the court order disclosure of a trust document to a discretionary beneficiary? (Nova Scotia, Canada)
How is a discretionary trust calculated when the husband is deceased? (Nova Scotia, Canada)
Can a personal representative obtain a copy of the personal representative’s file to determine who is the executor and sole beneficiary of the deceased's estate? (Nova Scotia, Canada)
Does a personal representative have a duty to deliver a legal file to the personal representative of the deceased? (Nova Scotia, Canada)
What evidence exists that the applicant was under duress when she signed an agreement to terminate her marriage? (Nova Scotia, Canada)
What is the test for establishing a resulting trust for the transferor? (Nova Scotia, Canada)
Does an employee have a right to be heard by an appeal panel after termination? (Nova Scotia, Canada)
