Just a few questions on family trusts.............
1) In regard to the principal of control everything and own nothing. If I was to become a trustee of my own trust does this principal get thrown out the door. Am I not then owner of the assets inside the trust as a trustee? .... My Lawyer seems to think it is ok for me to be a trustee of my own trust.
2) When signing documentation (for example S&P agreement) . Do all trustees of the trust have to sign agreements or can just one of the trustee sign or does this just depend on how the trust was originally structured.
cheers
1) In regard to the principal of control everything and own nothing. If I was to become a trustee of my own trust does this principal get thrown out the door. Am I not then owner of the assets inside the trust as a trustee? .... My Lawyer seems to think it is ok for me to be a trustee of my own trust.
2) When signing documentation (for example S&P agreement) . Do all trustees of the trust have to sign agreements or can just one of the trustee sign or does this just depend on how the trust was originally structured.
cheers
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