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What happens if I create a trust myself and do it wrong? | NC
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Q: What happens if I try to create a trust myself and something is drafted or funded incorrectly? A: If a trust is drafted or funded the wrong way, it may fail completely, or it may exist on paper but not actually control the property you wanted in it. The biggest problems are unclear trust terms, failing to transfer a home or land into the trust by deed, and failing to update beneficiary forms…