{"Term":"Rollover trust","Definition":"\u003cp\u003eA family trust qualifies as a rollover trust if:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003eeach transferor (in the case of transfers to a trust) or each transferee of the property (in the case of transfers from a trust back to a settlor) is both a settlor and a beneficiary of the trust\u003c/li\u003e\n    \u003cli\u003eat least one of those transferors or transferees of the property is also a principal settlor of the trust\u003c/li\u003e\n    \u003cli\u003eall principal settlors are beneficiaries of the trust\u003c/li\u003e\n    \u003cli\u003eall principal settlors are \u003ca href=\"/api/glossary/item?id={600B8E59-0D71-4107-855D-9E187D6F8658}\" class=\"ir-glossary-slider-link\"\u003eclose family associates\u003c/a\u003e.\u003c/li\u003e\n    \u003cli\u003eeach beneficiary is a \u003ca href=\"/api/glossary/item?id={E9215E7B-985A-4BEE-AC89-BED1E0561BC5}\" class=\"ir-glossary-slider-link\"\u003eclose family beneficiary\u003c/a\u003e.\u003c/li\u003e\n\u003c/ul\u003e","TeReoTerm":"","TeReoDefinition":""}