The simplest solution is to anticipate the demise/resignation/removal of the Trustee. So, one appoints a Successor Trustee when the Trust is written. If that’s not done, then there should be provisions in the trust as to how the assets in the corpus are distributed or conveyed to the Beneficiaries. Also, the Beneficiaries can always appoint another Trustee. The best solution is to plan ahead.
Regarding the Doctrine of Merger (Merger of Title)— I have thought about this on more than one occasion. I appears to me that in order for the merger to exist, all the component parts need to be merged back together. I.E. (Settlor+Trustee+100%Benefical Interest). In the above instance,the Beneficial Interests have been fractionated. Therefore, there’s not an absolute merger of title. This instrument would probably be characterized as an “Association” or a “Partnership” but certainly not as land trust.
Because we are a corporation we can never die. I more then likely will have my case mature some day in the distant future however Equity Holding Corporation will remain alive and well. That is providing we pay the taxes and fees that are required.