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...
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 E. Haimo, Esq. May 19, 2015 How to Protect an Inheritance from a Spouse [BEGIN TRANSCRIPTION] HAIMO: One of the benefits of creating a trust is that it protects the interests of the beneficiaries. The interests of the beneficiaries are protected from their...
In Florida, owning a home comes with a unique set of considerations. Homestead protections grant a sanctuary against rising property taxes and potential creditors, safeguarding one’s property. However, beneath this protective cloak lies an intricate web of...
How Does an Asset Protection Trust Work? By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPTION] HAIMO: An asset protection trust, like any other trust, is created for the primary benefit of the beneficiary. It is administered according to the terms of the trust...