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Understanding Irrevocable Trusts: A Comprehensive Guide to Estate Planning

Every adult in South Florida needs a well-constructed estate plan. A great plan is a comprehensive plan. Many people can benefit from setting up a trust as part of their estate plan. One type of trust, an irrevocable trust, can be a valuable estate planning tool. However, an irrevocable trust is not right for every […]

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Florida Land Trusts

Estate planning is complicated. The process always starts with a will. For many people, a trust can also be a cost-effective, efficient way to protect and preserve their assets. Notably, a Florida Land Trust is a specialized estate planning option available to many residents of our state. At The Law Offices of Odelia Goldberg, we […]

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Probate 101: A Guide to the Probate Process

When a person passes away, their estate must be settled. In Florida, many estates will go through a legal process known as probate.  As explained by the Florida Courts, “probate is a court-supervised process” during which a deceased person’s assets will be identified, gathered, and eventually distributed to the proper beneficiaries.  There are many myths […]

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What Can We Learn From Macaulay Culkin?

Macaulay Culkin, one of the most famous child stars of the 90s (so I hear LOL) thanks to his breakthrough performance in Home Alone, is relevant to US because he was emancipated when he was sixteen years old. Emancipation is the removal of disability of nonage (It’s a word!). In other words, emancipation is the […]

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What Can We Learn From Madonna’s Mansion?

In case you haven’t heard; a dog is reportedly selling a Miami home for $31.7 million. The wealthy German shepherd is known as Gunther VI and currently holds a fortune originally inherited by the late Gunther III, who was left millions of dollars when his owner, German countess Karlotta Liebenstein, passed away in 1992. Gunther […]

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What Can We Learn From Sofia Vergara?

It’s been SEVEN YEARS since Sofia Vergara and Nick Loeb broke up. We can imagine she’s happily moved on with the Magic Mike star, Joe Manganiello (mmmmmmm), but Loeb is not out of the picture just yet. Sofia and Nick split up in 2014. When they split, they had two frozen embryos, but the terms […]

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What Can We Learn From Dr. Oz?

Dr. Mehment Oz is involved in a legal dispute with his sister, Nazlim Oz, over rental income from two New York City properties owned by their late father. According to the legal complaint filed by the sister, the Good Doctor stopped her share of the rental profits from the properties, currently held in a limited […]

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What Can We Learn From the ‘Sex and the City’ Reboot?

And just like that, Sex and the City is coming back! A 10-episode revival will include 3 members of the original cast: Sarah Jessica Parker, Cynthia Nixon, and Kristin Davis. Those of us “in the know”, are not surprised that Kim Cattrall won’t return to her role as Samantha Jones. I get it, she’s not […]

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What Can We Learn From Crypto Reality TV?

As reality TV takes over the world (or is that just me projecting?), we find ourselves discussing a South Korean reality television show that focuses on crypto investors, bitcoin (BTC) enthusiasts and miners. So, this begs the question; what can we learn from crypto TV? Despite its name, cryptocurrency is not treated like bank accounts, […]

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What can we learn from Kobe Bryant

Kobe Bryant was not only a famous basketball player, but also a businessman, brand-builder, and investor. I wasn’t surprised to learn that he had a well drafted estate plan prior to his untimely death at the age of 41. Kobe had a trust to protect his assets, reduced estate-tax liability, and pass his wealth to […]

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What Can We Learn From Joe Robbie’s Estate?

Joe Robbie, the former owner the Miami Dolphins passed away in January 1990. The bulk of his estate was tied up in the Dolphins, and he had clearly not been reading my newsletters. Riddled with family fighting, Robbie’s children were forced to sell the franchise at a deeply discounted price in order to pay the […]

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Is There Such a Thing as a Family-First Family-Feud?

I’m attempting to negotiate my first family-first approach to a family feud. This is where during the family feud process, specifically the beginning, the family takes a family-first, or rather, business first, approach to their control battle. I see it quite often, and it may actually be a known thing that I’m about to describe, […]

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Why Estate Planning Matters During Coronavirus and What You Can Do to Prepare

The outbreak of Coronavirus has people all over the world thinking about their advanced directives. While this topic is generally annoying to think about (adulting is annoying) and even more annoying to discuss with your loved ones, estate planning is now more than ever a critical tool that can be used to assure that your […]

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What Can Be Learned From Bethenny Frankel’s Real Estate Debacle?

It all started when the former Real Housewife wanted to hide her identity during the purchase of her $5 million Tribeca apartment. The genius that she is, created a trust and claims that she instructed her attorney to have only her as the beneficiary. He however, named both her and her then soon-to-be-ex-husband as the […]

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Chill, We Have a Trust for Cryonics

Cryonics is the practice of deep-freezing recently dead bodies in the hope that scientific advances will allow them to be revived in the future.  The next logical question is, how can one ensure access to their funds once thawed.  Ok, maybe that’s not the next logical question, but it is a very good question. The […]

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When Disinheritance Is a Good Thing – the Last Will and Testament of Burt Reynolds

Hollywood star Burt Reynolds intentionally left his son, Quinton, out of his will, but it doesn’t appear to be due to bad blood.  The actor known for his roles in “Smokey and the Bandit”, “Deliverance” and “Boogie Nights,” provided for his 30-year-old son via a trust. “Disinherited” is a word you don’t want to hear, […]

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What Can Be Learned from Mac Miller’s Estate Plan

Malcolm McCormick, known and adored by fans as Mac Miller, the rap artist, passed away on September 7 with an estate estimated at 14 million dollars.  The 26-year-old rapper set up both a trust and a will in 2013!   I know, this information is enough for anarticle these days!! But there’s more…as expected, he named […]

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Navigating the Trust Agreement Highway

Just like cars, there are many different types of trusts out there for you to select. For those of you who aren’t familiar with the concept, here is a run-down; a trust is a legal arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Most trusts […]

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Does Your Trust Need a Facelift?

Hey, we do live in South Florida. But seriously, I come across many trusts created in the 80s, 90s and early 2000s where life was slower, and trusts were irrevocable. These irrevocable trusts had a goal to reduce the size of a person’s estate to avoid estate tax. If you’ve been reading my  newsletters, you […]

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Hugh Hefner: An Estate Planning Role Model

In case you haven’t heard, Hugh Hefner “Hef”, the publisher of Playboy Magazine, died last month, at the age of ninety-one. Although his Will was not made public, It’s clear that Hef took the necessary steps to ensure that his estate plan was iron clad. Hef is survived by his third wife Crystal Hefner and […]

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What’s Better, a Will or a Trust?

As an estate planning attorney, I’m often asked, “How do I know if I need a trust as opposed to a will?”  Many people assume that Trusts are just for the wealthy, but the benefits that they offer to the average person are significant.  Here are a few factors to consider when deciding between a […]

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What’s a Grantor Retained Annuity Trust (GRAT)

What’s a Grantor Retained Annuity Trust (GRAT) A grantor retained annuity trust is an effective estate planning tool that has a number of advantages over other techniques. It allows the creator of a trust to receive annuity payments based on assets placed in the trust. The grantor retains his or her rights to the annuity […]

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Reasons to Create a Trust

A well-crafted estate plan often includes a Trust. As flexible and powerful tools, Trusts allow us to gain greater control over how assets pass are passed on to future generations. There are several reasons to create a Trust, specific to each individual’s circumstances. Often, people establish a Trust as a method of protection. Protecting one’s […]

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Types of Trusts Available

There are many types of trusts available; each designed to help achieve a specific goal. Below is a list of the types of Trusts available. Private Asset Trust – PAT Asset Protection Trusts Seniors Residence Trust Living Revocable Trust GRAT Trust GRIT Trust REIT Trust Statute Trust or trust by Statute Trust By Will Family […]

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Portrait of Odelia Goldberg, Esq.

With over 50 years of combined experience, our probate, estate planning, real estate, elder law and asset protection attorneys provide peace of mind for our clients throughout South Florida.

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