Michael Haslam is the owner of Haslam Law, a business dedicated to providing legal... more
Michael Haslam is the owner of Haslam Law, a business dedicated to providing legal services to families and small businesses. After graduating from law school, Michael followed in his family business by opening a hospice company and practicing law part-time. While running the hospice he saw firsthand what inadequate or outdated planning does to a family in a time of crisis. This was his mot... view profile
I'm married to my high school sweetheart and we have five wonderfully challenging... more
I'm married to my high school sweetheart and we have five wonderfully challenging children and one grandson. After limiting my law practice to Trust and Estate Planning for many years, I recently lost both of my parents and implemented their planning. I'm glad to say it worked pretty darn well. I've devoted my career to doing effective estate planning for other individuals and families that tru... view profile
A trust is an arrangement whereby someone owns and manages money or property for another person's benefit. Like a guardianship, a trustee has decision-making authority over the trust property, but no court is involved in the trustee's action–the person who creates the trust defines the scope of the trustee's power. There are many different trust types, including probate trusts, income trusts, spendthrift trusts, and educational trusts. For example, a living trust allows you to manage your property while you are alive and to direct who will manage it if you become incapable of doing so. In essence, you choose your own “guardian” in advance and avoid having the court do it for you. A trust attorney reviews the many reasons for establishing a trust with you, and can ensure your trust will be legally valid.