Bite-Sized Bits of Knowledge
Trust Succession and Other Trustee Duties
Trust Succession and Other Trustee Duties By: Barry E. Haimo, Esq. June 20, 2024 If you are named as the trustee for someone’s trust, you probably understand that you have some specific duties that you are expected to carry out. What you might not know is that part of...
Where Trust Protectors Fit in a Trust
Trust Protectors Understanding the role of a trust protector or trust advisor can make a significant difference. Depending on the type of trust you have and the kind of guidance you need, these professionals can offer invaluable support. Now that you have a bit of...
BBK: Trust Administration: What Can Go Wrong
What Can Go Wrong In Trust Administration By: Barry E. Haimo, Esq.May 30, 2024 Effective trust administration is crucial to ensuring that a trust is managed according to its terms and the law. However, several challenges can arise, potentially complicating the...
Directed Trustees and Other Possible Trust Parties
Directed Trustees and Other Possible Trust Parties By: Barry E. Haimo, Esq. May 25, 2024 While there are three main parties that are involved in every trust – the Creator, the Trustee, and the Beneficiary – those are not the only possible parties who might be involved...
Powers of Appointment: Situations Where You Might Use Them
Powers of Appointment: Situations Where You Might Use Them By: Barry E. Haimo, Esq. April 10, 2024 A Power of Appointment is a very powerful tool that you can include in a trust to provide additional flexibility if you don’t want to stay locked into the original terms...
Funding Your Trust: Does It Really Need to Happen Right Away?
Funding Your Trust: Does It Really Need to Happen Right Away? By: Barry E. Haimo, Esq. April 18, 2024 If you’re thinking to getting a trust and know other people who have set them up, chances are good that you have gotten the advice – likely unsolicited – that it is...
Trust Distributions
How the Grantor Sets Up Trust Distributions and How the Trustee Manages Them By: Barry E. Haimo, Esq.May 23, 2024 Without distributions, a trust is just a collection of assets sitting around that cannot be touched. Because of this, setting up and managing trust...
What You Need to Know about Involuntary Disability Triggers
What You Need to Know about Involuntary Disability Triggers By: Barry E. Haimo, Esq. May 3, 2024 Disability is a common trigger of an involuntary transfer. If someone cannot perform, they are not able to contribute to the business. They will, meanwhile, continue to...
Introduction to Business Formation: Why It’s Important
Introduction to Business Formation: Why It’s Important By: Barry E. Haimo, Esq. May 2, 2024 Forming a business entity is easy to do, but not as easy to do right. Forming the wrong entity can be a huge problem. Also, putting the wrong information on the filing can be...
What Floridians Need to Know about Asset Protection
What Floridians Need to Know about Asset Protection By: Barry E. Haimo, Esq. May 1, 2024 There isn’t a person who exists who doesn’t want to protect their assets. You’ve worked hard for what you have — however much that is — and you want to make sure it doesn’t get...
