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...