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Can a sole individual trustee be the same appointor and primary beneficiary?
While this is not exactly ineffective, it is not a recommended set up. It would be better if the trustee is a corporate trustee and to have a line of succession of appointors.
However, this is best assisted by a lawyer or Legal Team together with the original trust deed.
Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024