Trusts can be tailored to help with a wide range of estate planning goals. However, there are certain mistakes that could compromise this estate planning tool’s ability to serve its intended purposes.
One type of error that can lead to this are missteps in setting up a trust. What terms a trust contains when it is formed can greatly affect what goals it would be able to help with. So, a trust lacking the right terms can cause it to not function as intended.
