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Irrevocable Trust Agreement

Irrevocable Trust AgreementIn an irrevocable trust agreement, a trustee may also be a benficiary?

I'm looking to fill an irrevocable trust agreement on a house that I own. Then the person I said that the trustee of the agreement also be the beneficiary of the property? Or does the trustee and the beneficiary must be two separate people?

Yes, they can be the same. The trustee is one who carries out your wishes. The beneficiary always get what you give them. I am a trustee and the beneficiary of a trust.

Posted on March 1, 2010.
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