I am working on a paper on business trusts and can't seem to find an answer anywhere to what I would like to know as I work on it... I am taking trusts and estates right now but we are still working on wills issues.... my question is basically, can an individual create a trust in which they are simultaneously settlor, trustee, and beneficiary? and if so, are there any limits on it?
Why would they want to?
It reminds me of concepts of destructibility of contingent remainders through merger... when it all gets vested in the same party, the instrument becomes moot, does it not?