Legal Question in Wills and Trusts in Massachusetts

I am a trustee of a trust that was setup 30 years ago. In the trust documents it says that I have a schedule of beneficiaries. I never made a schedule of beneficiaries. My question is "Is the trust valid if there are no beneficiaries". What constitutes a trust to be legal?


Asked on 3/09/16, 12:33 pm

1 Answer from Attorneys
Jonas Jacobson Law Offices of Jonas Jacobson

A trust is a legal arrangement where one hold property for the benefit of another. If you are the sole trustee and the sole beneficiary, then it is what's called a holographic trust; since no one is holding anything for anyone else. Are you trying to get out of giving money to a beneficiary who you didn't name in schedules? Or do you just have a holographic trust?

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Answered on 3/15/16, 8:00 am


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