Why can a sole trustee be a sole beneficiary?
The sole trustee cannot be the sole beneficiary because a trust is a legal relationship between a trustee and the beneficiary or beneficiaries. If a sole trustee were also the sole beneficiary, then this would be an agreement that a person had with themselves. The law says that no trust can exist in these circumstances. However, a trustee can be a beneficiary of the trust as long as there is at least one other beneficiary as well.
