Legal Question in Wills and Trusts in New Jersey
Living Trust/ Property Trust
Can the trustee I choose and the only benefictary be the same person in my living trust.
2 Answers from Attorneys
Re: Living Trust/ Property Trust
no.
for God's sake, please go hire a lawyer who does a lot of estate planning, who is not too far away from you.
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Re: Living Trust/ Property Trust
I DISAGREE WITH BOB, ALTHOUGH I DO RECOMMEND THAT SOMEONE ELSE BE APPOINTED TO SERVE IN THE EVENT OF YOUR INCAPACITY OR DEMISE, IF YOU DO NOT NAME SOMEONE TO SERVE IMMEDIATELY WITH YOU. I HAVE NOT READ THE DOCUMENT, NOR KNOW WHAT YOU ARE INTENDING TO ACCOMPLISH. FOR YOUR OWN PROTECTION, I SUGGEST THAT THE DOCUMENT BE REVIEWED BY A COMPETENT ESTATE ATTORNEY, LIKE MYSELF, WHO CAN MAKE SUGGESTIONS ON WHAT SHOULD BE PROPERLY INCLUDED, NOT ONLY AS TO TRUSTEES, BUT FOR YOUR PROTECTION AS WELL. THIS IS A RESPONSE TO AN INTERNET QUESTION AND THE REPLY IS NOT INTENDED TO BE LEGAL ADVICE OR AS CREATING AN ATTORNEY-CLIENT RELATIONSHIP. MISSING OR OMITTED FACTS COULD CHANGE THE RESPONSE.