Unless the trust instrument provides that notice is not required, after notice to the qualified beneficiaries, a trustee may combine two or more trusts into a single trust or divide a trust into two or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.

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Terms Used In Arizona Laws 14-10417

  • Trust: includes an express trust, private or charitable, with any additions, wherever and however created. See Arizona Laws 14-1201