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TWO INDIVIDUALS and TRUSTEE to THREE Form

TWO INDIVIDUALS and TRUSTEE to THREE Form

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[Music] hi this is Stuart Albertson with Albertson in Davidson we do get the question from time to time can my brother who is the trustee of our parents trust can he also be a beneficiary of the trust and the short answer is yes there's no problem with that in fact most trustees are also beneficiaries of the trust most parents will name one or more of their children to be the trustee and that trustee will also be a beneficiary this normally doesn't cause too many problems especially where there's just liquid cash to distribute because let's say there's a trustee and two other beneficiaries for a total of three beneficiaries including the trustee you would simply just take the liquid assets and distribute them one-third each and that's not a problem where we see the problem happen is where the trustee who's also a beneficiary is the last one taking care of mom or dad before their death and they get a house for instance that comes o

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