Can a Trustee Be a Beneficiary of an Asset Protection Trust?
For your asset protection trust to be as defensive and airtight as possible, you have to appoint the right trustee. After all, your trust’s trustee will have ultimate power over the assets within the trust, the trust’s management, and other key decisions. Normally, you might default to having a neutral third party, like a law firm or lawyer, be the trustee for your asset protection trust. But maybe you wonder whether a trustee can be a beneficiary of your asset protection trust. This is never a good idea, but let’s dive deeper to determine why.
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