I know there are a few trust posts with recent purposed laws but I have a specific question that I have been unable to find an answer for.
My form 1 was kicked back for correction. The problem being that it says "grantor, trustee, and beneficiary cannot be the sole individual/entity in trust." When I did my NFA trust research and formed it, I never came across something saying it required at least two people. I can add someone as a beneficiary but I would prefer not to if I don't have to.
If anyone has any experience of a RLT with a sole individual being approved, it would be much appreciated.
My form 1 was kicked back for correction. The problem being that it says "grantor, trustee, and beneficiary cannot be the sole individual/entity in trust." When I did my NFA trust research and formed it, I never came across something saying it required at least two people. I can add someone as a beneficiary but I would prefer not to if I don't have to.
If anyone has any experience of a RLT with a sole individual being approved, it would be much appreciated.