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hes a huge mistake when making a revocable living trust or an irrevocable trust against you for that matter Im Chris small by the way I own CMS Law Firm if you have a state planning questions or probate questions leave them below Ill answer them and follow me because its cool okay um something I see a lot of times uh or not a lot of times we dont let it happen at my firm but I just got to ask this question today is what happens when you are the trustee or the manager of a trust and you are also the beneficiary of a trust uh this person was worried because they had heard from another attorney that in that scenario the trust can be seen as not giving the asset protection or or doing whatever you want it to do because both sides are the same person uh the trust kind of goes away this is called the merger Doctrine and it can happen the best thing to do is to make sure that you have contingent beneficiaries named so people named after you die and if you want to be really safe reportin
