(Trustee = someone who manages the trust. Beneficiary = someone who receives the assets in the trust.)
Short answer:
Yes, you can.
.It’s pretty common, actually, especially with spouses.
In a family trust that the married couple made, the surviving spouse is usually both the trustee and the beneficiary.
P.S. It’s also common for one adult child to serve in both roles
William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at www.wombacherlaw.com
Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.
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