Legal Question in Wills and Trusts in Indiana
Can the trustee of a revocable trust also be the main beneficiary of that trust here in Indiana?
Asked on 1/01/13, 4:46 pm
1 Answer from Attorneys
Voyle A. Glover
Attorney at Law
Yes. A grantor (the one who made the trust) can be the trustee as well as the beneficiary. This is often done. Or, it may be that the grantor decided that someone else would be the trustee, and named the trustee as a beneficiary as well. Here is some information on trusts and how a trust works.
Answered on 1/01/13, 9:33 pm