Question Details: Can one person be a settlor, trustee and beneficiary of a trust?
Filed under Wills/Estates | 1499 View(s)
Yes, a settlor can, in principle, also be a trustee and a beneficiary of a trust.
However, the settlor cannot be the sole beneficiary.
Follow this link to search for a trusts lawyer near you: www.lawsociety.org.nz.
Answered 5 Sep 2013. The IMPORTANT NOTICE below is part of this answer.
The answer provided above is intended for general informational purposes only and cannot be
considered a substitute for face-to-face legal advice. It should not be relied upon as the sole
basis for taking action in relation to a legal issue. Laws change frequently, and small
variations in the facts, or a fact not provided in the question, can often change a legal
outcome or a lawyer’s conclusion. No liability whatsoever is accepted by the authors or
publishers of the answer, for loss, damage or inconvenience arising in any way from the use of
this site. While each answer has been published by a lawyer with a practising certificate, that
person may not necessarily have experience in the particular area of law involved.