It is possible for one person to be both an income beneﬁciary and a remainder beneﬁciary of the same trust.

Question

Quizplus · Accepted Answer

This is possible with a trust that has a complex distribution system, such as a charitable remainder trust or a qualified personal residence trust. The income beneficiary would receive income from the trust during their lifetime, and the remainder beneficiary would receive the remaining assets after the income beneficiary passes away.

It Is Possible for One Person to Be Both an Income