Quoting a solicitor: "The trustees distributed the estate, including to themselves as trustees of the will trust" sounds wrong to me. I mean, a trustee by nature looks after the trust and a beneficiary benefits. My understanding is that once they start dishing money out to themselves, they are classed as beneficiaries not trustees.
Can a trustee of a discretionary trust benefit as a trustee?
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Can a trustee of a discretionary trust benefit as a trustee?
Quoting a solicitor: "The trustees distributed the estate, including to themselves as trustees of the will trust" sounds wrong to me. I mean, a trustee by nature looks after the trust and a beneficiary benefits. My understanding is that once they start dishing money out to themselves, they are classed as beneficiaries not trustees.Tags: None
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