[Read Transcript] 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...
Pet Trusts? By: Barry E. Haimo, Esq. July 13, 2022 Few people plan and fewer plan specifically for their pets. For most people, they are lumped together with the other assets and just “dealt with”. Do you want your pet to be treated like an old stereo? Is...
The Benefits of Inter Vivos Trusts in New York By: Barry E. Haimo, Esq. April 21, 2022 If you’ve started the estate planning process, you probably already crafted your Will with care. But there could be a missing piece to your estate plan. And it can even make things...
Should You Create a Qualified Personal Residence Trust? By: Barry E. Haimo, Esq. April 7, 2022 What is a Qualified Personal Residence Trust (QPRT)? A QPRT is an irrevocable trust that allows a person (the grantor) to remove a primary residence and/or a...
If a Person Has a Revocable Living Trust, What Happens When They Die? By: Barry E. Haimo, Esq. January 25, 2022 [BEGIN TRANSCRIPTION] 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...
What to Consider When Selecting a Successor Trustee By: Barry E. Haimo, Esq. December 16, 2021 Selecting a successor trustee is no easy task. Too often, well-designed estate strategies fail due to poor execution by those in authority. This is true where managing...
