While a grantor may technically be allowed to serve as the trustee of an irrevocable trust he creates, it is not a good idea at best.

Many practitioners believe that allowing the grantor to be trustee makes the assets of an irrevocable trust available to the grantor's creditors. Such a ...

18 апр. 2021 г. · Grantor, trustee and beneficiary of an irrevocable trust could be the same person(s). But there are caveats when creating such a trust instrument. Can the grantor of a trust in the US appoint himself trustee? Can a trust be the grantor of another trust? - Quora Другие результаты с сайта www.quora.com

21 окт. 2015 г. · The Baldwin case goes on to clarify that a grantor, as trustee, has the same fiduciary duties to the beneficiaries as any other trustee.

31 авг. 2022 г. · As we will discuss later, the grantor and the trust can be the same person. Difference Between Grantor And Trustee. The differences between ...

Under an irrevocable trust, legal ownership of the trust is held by a trustee. At the same time, the grantor gives up certain rights to the trust. Once an ...

20 июн. 2024 г. · With the revocable trust, the grantor—the person who creates the trust—can be a trustee and maintain total control of the trust. They can change ...

However, with an irrevocable trust, the grantor is not generally the trustee. Instead, the grantor appoints a trustee responsible for managing and administering ...

Who should I name as trustee? Any individual, other than the grantor, may serve as trustee of a trust, including the grantor's spouse, children, family members, ...