A single person can be a settlor, trustee, and beneficiary.

Name: A single person can be a settlor, trustee, and beneficiary.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A single person can indeed serve in all three roles as settlor (the person who creates the trust), trustee (the person who manages the trust), and beneficiary (the person who benefits from the trust), especially in the case of a revocable living trust. This arrangement allows for flexibility and control over the assets within the trust.

A Single Person Can Be a Settlor, Trustee, and Beneficiary