No. A contract between only (1) party is invalid, contracts require (2) or more parties to be considered valid. One can be Grantor and a/the Beneficiary. There is no conflict of interest being Grantor & Beneficiary because Beneficiary cannot withdraw/use the assets except as the Trustee(s) approve. A Grantor cannot be a Trustee with the Bulletproof Trust, although in other statutory trusts this is allowed. Trustees have no obligation to make the beneficiary aware they are a beneficiary until the trust vests; until then beneficiaries control nothing and have no say in how the trust operates.