Trusts Tag

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...

By: Barry E. Haimo, Esq. October 13, 2015 Retirement Accounts Shouldn’t Go to a Revocable Living Trust In the right circumstances, revocable living trusts can be wonderful estate planning tools that can accomplish a wide variety of important goals. A revocable living trust can help you safeguard property and...

By: Barry E. Haimo, Esq. September 29, 2015 How to Protect IRA Assets for Beneficiaries with Trusts As an estate planning attorney, I often work with clients who have accrued large amounts in qualified retirement plans like individual retirement accounts, or IRAs. Often, their IRAs have developed into...

By: Barry E. Haimo, Esq. September 22, 2015 Estate Planning: Don’t Unintentionally Disinherit Your Stepchildren The modern family comes in many shapes and sizes. In Florida, many households include a mix of biological children and stepchildren—children from prior marriages or relationships. When it comes to estate planning, parents of...

When Your Trust Has Been Mismanaged By: Barry E. Haimo, Esq. August 4, 2015 I’ve sung the praises of trusts in many of my previous posts, touting them as an excellent and versatile  estate planning tool that can help preserve and protect assets from creditors and financially irresponsible...