Beneficiaries' Powers
Because an interest under a trust is a species of property, adult beneficiaries of sound mind are able to deal with their rights under the trust fund as they could with any other species of property. They can sell it, assign it, exchange it, release it, mortgage it, and do most other things that they could do with a chose in action.
If all of the beneficiaries of the trust are adults and of sound mind, then they can terminate the trust under the rule in Saunders v Vautier, and require the trustees to transfer absolute legal title to the trust assets to the beneficiaries.
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“No passion so effectually robs the mind of all its powers of acting and reasoning as fear.”
—Edmund Burke (1729–1797)