My LLC is the Beneficiary and my successor is my fiance (Shelly Odrakiewicz). Is it possible for my Successor Beneficiary to be my Trustee? Or is that a conflict of interest?
It would only be possible for a Trustee to also be a Beneficiary if there were multiple beneficiaries OR you formed a Florida land trust. Otherwise, it would be a conflict (it is called a “Merging of Interests”). However, i would never suggest that you do this, even if you can (by using a Florida land trust or multiple beneficiaries). There are many reasons for my opinion, but primarily because you give up your anonymity when using your spouse or someone with your same last name as Trustee.