If one person is to be the sole beneficiary and sole trustee then the trust is invalid, as a person cannot hold an asset on trust for their own benefit. The eCompanies trust deed however, allows for a number of people related to the the primary beneficiary to also be named by the trustee to receive benefits.

If you are in the situation where only one person is named as the trustee and beneficiary in the deed it could be worthwhile considering a corporate trustee. If you are in this situation we recommend discussing your needs with your accountant or lawyer for professional advice


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