Jill sets up a trust for the benefit of her grandson, Joe. The trust property - a small hotel - is to be legally owned by the trustee, Jack, for the benefit of Joe. Unfortunately, Joe falls terminally ill and passes away shortly after the trust is established. What happens to the trust property? It belongs completely to Jack, who is now the legal owner and the equitable owner of the property. Jack is still the trustee but the beneficiaries are now Joe's other relatives. Jack is still the trustee but the beneficiary is now Jill under a resulting trust. The trust property automatically passes back to Jill who is now the legal owner