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Section 15209 Of Chapter 1. Creation And Validity Of Trusts From California Probate Code >> Division 9. >> Part 2. >> Chapter 1.
15209
. If a trust provides for one or more successor beneficiaries
after the death of the settlor, the trust is not invalid, merged, or
terminated in either of the following circumstances:
(a) Where there is one settlor who is the sole trustee and the sole beneficiary during the settlor's lifetime.
(b) Where there are two or more settlors, one or more of whom are trustees, and the beneficial interest in the trust is in one or more of the settlors during the lifetime of the settlors.
(a) Where there is one settlor who is the sole trustee and the sole beneficiary during the settlor's lifetime.
(b) Where there are two or more settlors, one or more of whom are trustees, and the beneficial interest in the trust is in one or more of the settlors during the lifetime of the settlors.
