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Updated over 6 years ago, 08/24/2018

Account Closed
  • Rental Property Investor
  • Austin, TX
176
Votes |
280
Posts

[TX] On a Deed of Trust, can Trustee and Beneficiary be related?

Account Closed
  • Rental Property Investor
  • Austin, TX
Posted

I am in talks with a local investment company to purchase an interest in one of their notes. However, looking at the Deed, the Trustee is listed as an individual, who is the owner of the investment company, while the beneficiary is listed as the investment company itself, which is a Texas LLC owned by the individual. My understanding is that these two should not be the same; however, I can see this being possible since an LLC is considered it's own separate legal entity. Is this correct?

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