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How many trustees and beneficiaries can be included?

For a trust to be created there must be a settlor, trustee and beneficiary. One person cannot fulfil all of these roles.

Trustees. It is possible to include either one corporate trustee or up to three individual trustees. A trustee can also be a beneficiary provided that it is not the sole trustee and beneficiary. If there is another trustee, or another beneficiary as well, then it is acceptable. Why? If a trustee is the sole beneficiary then they hold complete legal title and there is no need for a trust.

Beneficiaries. Our platform allows for three beneficiaries to be included. These can either be individual people or companies. 

Settlor. Each trust must have one settlor.

All information provided on this webpage is general information about our products and services. Nothing on this webpage is intended to be professional advice of any kind and should not be relied on as such. You should obtain specific financial, legal or other professional advice before relying on the content of this webpage. By not seeking such advice, you accept the risk that the information on this webpage may not meet the specific needs of your business. Our liability is limited to the maximum extent permitted by applicable law in accordance with our website terms and conditions.

Updated — Apr 12, 2017

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