WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES Trusts: Provide for Termination of Irrevocable Trusts in Certain Circumstances

Authors

D. VoylesFollow

Document Type

Peach Sheet

Abstract

The Act provides for the termination of otherwise irrevocable trusts which have become economically unfeasible to administer. A court is permitted to terminate such trusts under certain circumstances upon petition by the trustee or any beneficiary of the trust. The Act repeals Code section 53-12-25, which provided that a trust could be created only for a minor, an incompetent, or a person unfit to be entrusted with the management of property.

Recommended Citation

D. Voyles, WILLS, TRUSTS, AND ADMINISTRATION OF ESTATES Trusts: Provide for Termination of Irrevocable Trusts in Certain Circumstances, 5 Ga. St. U. L. Rev. (1988).
Available at: https://readingroom.law.gsu.edu/gsulr/vol5/iss1/37