How can a trust be terminated under Delaware law?

A trust can be terminated under Delaware law primarily through mutual consent of the beneficiaries, fulfillment of the trust purpose, or a specific provision in the trust agreement. This reflects the principle that trusts exist to serve the interests of the beneficiaries and accomplish the goals set forth by the grantor.

When all beneficiaries agree to terminate the trust, it demonstrates their collective intention to dissolve the arrangement, reflecting the idea that they no longer require the trust's services or that the purposes of the trust have been fulfilled. Additionally, trusts often contain explicit provisions that outline specific circumstances or conditions under which the trust may be terminated.

This framework ensures that the rights and needs of the beneficiaries are prioritized, allowing for a flexible approach to trust termination while maintaining legal safeguards. In contrast, the other options do not adequately depict the legal mechanisms available for terminating a trust in Delaware.