Can the Same Person Be Named Executor, Trustee and Beneficiary In a Will?

Full question:

Can the Same Person Be Named Executor, Trustee and Beneficiary In a Will?

Answer:

Yes, one person may be executor, trustee, and beneficiary in a will. It is similar to the way roles may be shared under a trust agreement, where the same person can be both grantor and trustee, grantor and beneficiary, trustee and beneficiary, or even all three.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, a beneficiary and executor can be the same person. It's common for individuals to hold multiple roles in a will or trust. This arrangement can simplify the administration process, as the executor will have a vested interest in carrying out the wishes of the deceased.