Seychelles International Trust
Can the settlors or trustees become beneficiaries? May the settlor be a Beneficiary? May the settlor be a trustee?
The settlor may be a beneficiary of a Seychelles International Trust, but not the sole beneficiary. Likewise, the Settlor may establish himself as a co-trustee or protector of a Seychelles International Trust, but he may not be the sole trustee. Fidelity recommends against appointing oneself as the trustee of a trust, on account of this being a red flag to authorities, and a factor which could be considered in holding the trust to have been established as a sham trust.