My mother is setting up a trust.
She is going to name my sister and I as trustees, with her as the beneficary. When she dies we will become the beneficaries.
Can she stipulate at point of setting up - when she dies, my sisters children automatically become the trustees and then when either myself or my sister dies they automatically take our place as the beneficaries?
If she can stipulate this now, can it be changed in the future?
Can a limited company be held in trust?