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Trusts
All you need to know about trusts
Can a founder be a trustee?
Yes, the individual who establishes the trust, often referred to as the founder, settlor, or grantor, can also serve as a trustee.
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What is a founder of a trust?
The founder, also known as the settlor or donor, is an individual or entity that sets up the trust by transferring assets or property to the trust for the benefit of specified individuals or purposes.
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Who can be a trustee of a trust?
A trustee is an individual or entity designated to oversee a trust's administration
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Can a trustee be a beneficiary of a trust?
Yes, a trustee can be a beneficiary within the same trust.
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Who can be a beneficiary of a trust?
Beneficiaries are individuals or entities designated to receive trust distributions, such as income or assets.
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What is a trustee?
A trustee is an individual or entity designated to oversee a trust's administration.
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What is a beneficiary?
Beneficiaries are individuals or entities designated to receive trust distributions, such as income or assets.
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