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Mike Hackard from Hackard Law discusses common legal challenges faced by trustees, particularly concerning the removal of a holdover beneficiary from trust real property, often the decedent's former home. This situation can arise if the beneficiary lived with the deceased trust maker, moved in after their death, or rented the home without the trustee’s consent. Hackard emphasizes the importance of being informed about legal issues and sharing knowledge and experiences. He clarifies that while the trustee holds title to the real property, they do not possess it, which is a crucial factor in addressing these challenges.