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Can there be a trustee and beneficiary to an irrevocable trust?

A trustee and a beneficiary are essential to a trust. Without a trustee and a beneficiary there is no valid trust. They should not be the same person.


Can the trustee and beneficiary be the same person in case of private trust?

If there is (1) more than one trustee; and, (2) the trustee-beneficiary cannot act as trustee unilaterally; and (3) the other trustee is not a beneficiary of the trust, yes. If the the trustee is also designated the beneficiary, the trust fails as illusory.


Can the same person be both the beneficiary and the trustee of a blind trust?

No. The trustee has full control over the assets in the trust. In a 'blind trust' the trustee must be completely independent. If the beneficiary is the trustee then the trustee is not completely independent.


Can the same person be both the beneficiary and the trustee of a revocable trust?

Yes.


Can the same person be the trustee and a beneficiary of an irrevocable trust?

No. That would invalidate the trust.


Can you be the sole trustee and sole beneficiary of a trust?

Yes, it is possible to be the sole trustee and sole beneficiary of a trust.


Is the banklender the trustee trustor or beneficiary?

The lender is the beneficiary. The borrower is the trustor and the third party working for the lender is the trustee.


Is it possible to arrange an irrevocable trust with the same person as grantor trustee and beneficiary?

You cannot have the same person as grantor, trustee and beneficiary in any trust. There is no trust created in such a set up. The grantor in an irrevocable trust cannot be the trustee. The property in an irrevocable trust must be permanently separated from the grantor's control.


Who pay the trustee?

its a trust or a beneficiary.


Can a trustee legally sue a beneficiary in a trust dispute?

Yes, a trustee can legally sue a beneficiary in a trust dispute if there is a valid reason for the lawsuit, such as breach of trust or misconduct by the beneficiary.


When a trustee dies does the beneficiary of the trust get notified of what is in the trust?

Not necessarily, another trustee will be appointed.


What action do the beneficiary's of a land trust need to do when the trustee dies?

Determine who is the successor trustee