Section 19 — Trusts Act 2019: Distribution of trust property on expiry of trust

19 Distribution of trust property on expiry of trust (1) When a trust expires, all trust property must be distributed— (a) in accordance with the terms of the trust; or (b) if the terms of the trust do not expressly provide for the manner in which trust property is to be distributed, in a manner consistent with the objectives of the trust. (2) However, if there are surviving beneficiaries and it is not possible to determine under subsection (1) the manner in which the trust property should be distributed, the property must be distributed to all surviving beneficiaries in equal shares.