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Barrister
Barrister, Attorney
Category: Estate Law
Satisfied Customers: 36233
Experience:  16 yrs estate law, real estate. Wills/Trusts/Probate
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If a CPA has been named in a trust, is it appropriate to

Customer Question

If a CPA has been named in a trust, is it appropriate for them to also administer that trust?
Submitted: 1 year ago.
Category: Estate Law
Expert:  Barrister replied 1 year ago.

Hello and welcome! My name is ***** ***** I will try my level best to help with your situation or get you to someone who can.

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If you are asking if a beneficiary can also be the trustee of a trust, then there is nothing under Ohio law or the Uniform Trust Code that would legally prevent that from occurring if the grantor (maker) of the trust wanted to set it up that way. The trustee still has the same fiduciary duties to follow the directives in the trust and administer it for the benefit of all beneficiaries whether he is a one or not.

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So yes, it is actually fairly common for the trustee to also be a beneficiary..

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thanks

Barrister

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