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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.

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13y ago

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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 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.


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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.


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That person is called the trustee. The trustee has the legal authority to handle the trust assets according to the provisions set forth in the trust.


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.


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

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Can beneficiary of trust tell a trustee what to do?

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