Can you be both the trustee and sole beneficiary of an estate?
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Can you be both the trustee and sole beneficiary of an estate?
Asked on May 29, 2012 under Estate Planning, Texas
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Yes, you can be both the trustee of the trust and the sole beneficiary. Are you referring to a trust created yourself for estate planning purposes or created by another for the same reasons? There are tax implications here that you should consider speaking with an attorney about. Good luck
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