Trusts Are Like Toothpaste Tubes You read the title correctly. Trusts are in fact a lot like toothpaste tubes. Let me tell you how. First, you have full control over how much toothpaste is squeezed out. You can squeeze out a little or a lot. It’s...
Wrong Kind of Trust By: Barry E. Haimo, Esq. December 18, 2014 People put money into trusts for a number of reasons. They want to avoid probate. They’re nervous about creditors getting their money. They believe their private affairs should stay that way. In Jerry’s...
5 Reasons to Love Trusts 1. Avoids Probate – Trusts own property in its name instead of your name. Remember that property can include everything you own (Learn more here). As a result of retitling your property into the name of your trust,...
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...
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...
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...
