import
April 12, 2004, 12:11pm
1
Posted by SuperCat on April 12, 2004 at 18:53:48:
There is no problem with the beneficiary being a trustee. Although, there is no privacy in this situation.
The main concern though is many states do not allow entities to be a trustee. The only exceptions being law firms and bank trust departments.
import
April 12, 2004, 12:11pm
2
Using my LLC as trustee in a trust - Posted by whyK
Posted by whyK on April 12, 2004 at 12:11:42:
If I use my LLC as both trustee and beneficiary of a trust, how does court look at this? I am talking from liability point of view. My LLC is one member LLC.
Thank you for your time in advance.
-whyK