Can You Be Both Trustee and Beneficiary of a Trust in Florida?

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  • čas přidán 5. 08. 2024
  • Any individual may be a trustee and a beneficiary of a trust assuming that the trust agreement names other lifetime beneficiaries or successor beneficiaries after the death of the initial beneficiaries.
    For example, suppose a client wanted to serve as trustee of an irrevocable trust created for his benefit. The client’s general attorney cautioned him that he could not serve simultaneously as a beneficiary and as a trustee, and that if he did occupy both positions the trust would automatically dissolve because of the legal “doctrine of merger.”
    My in-depth guide to serving as both trustee and beneficiary of a trust: www.alperlaw.com/blog/can-sam...
    Book a phone or Zoom consultation: www.alperlaw.com/schedule/

Komentáře • 3

  • @trackmastersdj
    @trackmastersdj Před rokem +1

    Question: Does the defendant ever need to attend actual court proceedings in a Trust dispute matter? Or is everything handled through lawyers??

  • @huitrecouture
    @huitrecouture Před 2 měsíci

    Florida trust code clearly states the same person cannot be a trustee and a beneficiary.

    • @karislee372
      @karislee372 Před 2 měsíci

      Can a single member LLC that you own be the trustee and you be the beneficiary? If so, can that LLC be a Wyoming LLC or does it have to be a FL LLC?