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Trusts require a trustee and a beneficiary. While a trust will not fail for a lack of trustee, a trust will fail if there is no beneficiary. Many older trusts used a separate schedule of beneficiaries that was only kept in the possession of the trustee. Many times these documents are lost or never executed, especially in the case of realty trusts. When this happens, the trust may return to the trust maker, the grantor. If you or your family created a trust years ago and you have questions about it, give Long Hagan Huff-Harris a call at 617-752-2654 or contact us through our website at LHHLegal.com.

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