Bite-Sized Bits of Knowledge
Trust Administration
BBK: Trust Succession
Hi, welcome back to another dose of bite-sized Bits of Knowledge, where we give you meaningful information in a short amount of time. We just finished the trust parties, and now we're moving on to the first of four sections of how I break up trust administration, and...
BBK: Trust Parties
Hi, welcome back to another dose of bite-sized Bits of Knowledge where we give you meaningful information in a short amount of time. Today, we're going to talk about the first of about five videos on trust administration. The videos are going to be discussing the...
BBK: Trust Funding
Welcome back to another dose of bite-sized Bits of Knowledge, where we give you meaningful information in a short amount of time. Today, we're going to talk about trust funding. It's a common discussion point that we have. What does it mean and why should you care?...
Who Are the Relevant Parties to a Trust? And Other Important Trust Questions
If you’re thinking of setting up a trust and you’ve never done it before, you probably have a lot of questions. How do you do it? Who needs to be involved? How do they work? Are they worth it? In this post, we’re going to try to cover several of those questions to...
What Happens When a Trust Owner Dies? (And Other Basic Trust Information)
HAIMO: If a person executes a revocable living trust, and all of their property is in the name of the trust, then there is no need for a probate proceeding. So what happens to living trusts after death? Before we dive into that, it’s important to have an understanding...
Understanding Trusts and the Duties and Responsibilities of Trustees
Understanding Trusts and the Duties and Responsibilities of Trustees By: Barry E. Haimo, Esq. October 18, 2021 A trust is a separate legal entity that owns and administers property for the benefit of certain beneficiaries. One or more trustees are appointed to...
Trusts De-Mystified
Below, please find a brief overview of some of the advantages and disadvantages of trusts. While they are not appropriate for everyone, they can be extremely versatile vehicles that protect and preserve assets and eliminate problems that arise during life and...
