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

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1163092

2026-07-30 20:55

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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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