24 апр. 2024 г. · The short answer is yes. Trustees can be a beneficiary of a discretionary trust, but they usually will not be able to make unilateral decisions, ...

It's perfectly legal to name a beneficiary of the trust (someone who will receive trust property after your death) as successor trustee. In fact, it's common.

31 окт. 2023 г. · When a beneficiary is appointed as a successor trustee, a conflict of interest is inherently established. Their fiduciary actions can ...

Successor trustees can be your adult children, other relatives, a trusted friend, or a corporate trustee (bank trust department or trust company).

The short answer is yes, a beneficiary can also be a trustee of the same trust—but it may not always be wise, and certain guidelines must be followed ...

19 окт. 2024 г. · Yes, a successor trustee can also be a beneficiary of the trust. However, it's important to ensure that the trust's provisions allow for this ...

A Successor Trustee would only receive a distribution of assets from the Trust if they are also named as a beneficiary of the Trust. Usually, a Successor ...

The beneficiary may appoint a successor trustee, and such appointment shall constitute a substitution of trustee.

In this situation, the Successor Trustee is often also a beneficiary of the Trust.