By: Barry E. Haimo, Esq.March 7, 2019 Florida Land Trusts: What You Should Know Land trusts are legal in seven US states, including Florida, and are a desirable way to hold title to Florida real estate. In fact, the Florida legislature recently amended the Florida Land Trust...
By: Barry E. Haimo, Esq.February 21, 2019 Trusts Can Protect Inherited Property in Divorce Disassembling the empire you and your spouse have built together can become a complex and confusing process when your marriage sours – especially if you never considered the possibility of divorce. Florida...
By: Barry E. Haimo, Esq. December 11, 2018 What Are Educational Trusts and How Do They Work? You don’t have to be extremely wealthy to set up a trust fund for your loved ones. With the right guidance from a knowledgeable Florida trust attorney, you can easily set...
By: Barry E. Haimo, Esq. January 17, 2019 What You Should Know about Charitable Trusts and the New Tax Law As another year winded down and we balanced spending time with loved ones and sending off final charitable donations, some are already gearing up for the new tax...
By: Barry E. Haimo, Esq. November 1, 2018 Burt Reynolds Left His Son Out of His Will. Here's What He Did Instead...
By: Barry E. Haimo, Esq. June 21, 2018 Estate Planning for Special Needs Beneficiaries Life is always a bit more complicated if you are caring for someone with special needs. Depending on the nature of their condition, you will likely need to find them specialized medical help, educational...
By: Barry E. Haimo, Esq. August 15, 2017 Who are the Relevant Parties of a Trust? When you create a trust to protect, grow, and distribute your assets, it involves a number of parties. These parties each perform different necessary roles and have individual responsibilities. In order for...
By: Barry E. Haimo, Esq. March 21, 2017 (revised April 17, 2018) UNDERSTANDING TRUSTS AND THE DUTIES AND RESPONSIBILITIES OF TRUSTEES 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 administer the trust...
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 after death. The three...