Section 6.45 Sole Beneficiary

• Library: Trusts and Powers 2013 Supp

6. (§6.45) Sole Beneficiary

A written trust agreement does not create a valid trust
if one person is “the sole trustee and sole beneficiary.” Section 456.4-402.1(5), RSMo Supp. 2005. This does not mean that the same person cannot be the sole trustee and sole current beneficiary. Invalidity arises if the word “sole” is equivalent to “only,”—i.e., there is not, and will not be, another beneficiary. If a trust is established for the benefit of X for a term of...