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Why Trusts Fail…

By Kristina R Haymes

From the desk of Kristina Haymes, Estate Planning Attorney in beautiful San Diego (Del Mar/Carmel Valley area to be exact!)… but serving all of San Diego County and California (virtually)… The question of the day is… Why Trusts Fail.  Now, you may be saying to yourself, “I didn’t know trusts fail.”  How can a trust fail?  Well, this may be a dirty little secret in the estate planning industry… but Trusts can and do fail all the time. But before we get into the reasons why a trust may fail, let’s talk briefly about what a trust is. A Trust is a legal instrument and it has to have certain things: 1) a writing, 2) trust res (or property), 3) a Grantor (or the person making the Trust) has to have intent and capacity to make a trust and you need a Grantor, a Trustee (someone to manage the Trust) and a beneficiary of the Trust...continue to full post

Full post as published by Mediation Marketing Tips on October 24, 2010 (boomark / email).