In certain types of irrevocable trusts, the Grantor may be permitted to receive benefits, such as income or limited access to principal. This is common in self-settled asset protection trusts, although the ability to do so legally varies by state. It is vital to consult an attorney before creating such a trust to ensure it complies with the relevant laws and does not undermine the asset protection objectives.
Home » FAQ » Irrevocable Trusts » Can the Grantor Also Be a Beneficiary?
