In a living trust, can the trustee and beneficiary be the same person?

Full question:

In a living trust, can the trustee and beneficiary be the same person?

  • Category: Trusts
  • Date:
  • State: California

Answer:

Please see the information at the following links:



http://definitions.uslegal.com/l/living-trusts/

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 trustee and beneficiary can be the same person in a living trust. This is a common practice that allows individuals to manage their own assets while also benefiting from them. However, it is crucial to ensure the trust is set up properly to maintain its legal protections.