by Barry Haimo | Jan 27, 2020 | Fundamentals, Trusts
The Essence of Trusts Diana thought that she had learned her lesson when her husband, Benny, died without any kind of estate planning documents. The lengthy probate was made doubly difficult because they had a business together as well as a son with disabilities. With...
by Barry Haimo | Jan 21, 2020 | Fundamentals, Trusts
Protect Life Insurance Payouts from Creditors with Trusts – Part 1 By: Barry E. Haimo, Esq. July 21, 2015 Life insurance can be a valuable financial asset and effective estate planning tool. As a general rule, the proceeds of a life insurance policy are paid...
by Barry Haimo | Jan 13, 2020 | Fundamentals, Trusts
What Is a Trust? By: Barry E. Haimo, Esq. March 27, 2014 A trust is an incredibly valuable and versatile tool that can enable you to accomplish many of your estate and business planning objectives. There are all kinds of different types of trusts out there, many with...
by Barry Haimo | Jan 11, 2020 | Dangers/Complications, Trusts
The Perils of Administering a Trust in Florida By: Barry E. Haimo, Esq. January 20, 2015 If a loved one or close friend asks you to serve as administrator for their trust, chances are good that you’re going to say yes. After all, they are trusting you with an estate...
by Barry Haimo | Sep 5, 2019 | Trusts, Types of Trusts
By: Barry E. Haimo, Esq.September 5, 2019 GST folder on lawyer table What Is a GST Trust? When assets over a certain value are passed from one generation to the next, an estate tax is placed upon those assets. For example, if Parent A leaves an inheritance to their...
by Barry Haimo | May 2, 2019 | Dangers/Complications, Trusts
Revocable trust By: Barry E. Haimo, Esq.May 2, 2019 The Problem of Not Funding Your Revocable Trust One commonly-used strategy for estate planning is to create a revocable – or living – trust. This is a legal entity entrusted with holding ownership of an individual’s...
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