Can a beneficiary also serve as trustee? | NC

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Q: Can a beneficiary also serve as trustee, and does that reduce creditor protection for trust assets? A: Yes — often a beneficiary can also serve as trustee if the trust allows it or a proper successor trustee is appointed. But creditor protection can be weaker if that person has broad power to distribute trust assets to himself or herself. The more control a beneficiary has over payouts, the…