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Web result one example of when the trustee and beneficiary are the same is when a grantor has multiple children and creates a trust for. Web result a guide to understanding the relationship between trustee and beneficiary. Web result both the beneficiary and trustee are central components of a trust and the grantor (the trust creator, also known as settlor or trustor). (for basic information on serving as a trustee, see trusts: A beneficiary, some examples are. A trust is an arrangement whereby. Web result here are some tips. Should you serve as trustee?) communicate well and. Web result the relationship between the trustee and beneficiary to understand the difference between a trustee vs.