Fundamentals

By: Barry E. Haimo, Esq. June 9, 2016 What’s an Outside Creditor? We’ve talked in previous posts about who creditors are and how they can go after your assets. In “What’s an Inside Creditor?”, we discussed the basics of protecting your personal assets from creditors going after your...

  By: Barry E. Haimo, Esq. April 14, 2016   What’s an Inside Creditor? When you’ve worked hard for something, you will do anything to protect it. You don’t want your assets or your business vulnerable to creditors, but how do you protect them? Well, the first step is to check...

Homestead Protection: How Vulnerable is a Home to Lawsuits?   By: Barry E. Haimo, Esq. May 18, 2015 [VIDEO TRANSCRIPT] BARRY HAIMO: In Florida, the home is afforded the most protection of any asset that you can have. It is protected by the Florida constitution, and it has been protected and...

Does a Revocable Living Trust Protect My Property from Creditors?   By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPTION] BARRY HAIMO: No, a revocable living trust does not protect you from creditors.  It will protect, upon your death, your beneficiaries’ interest in the trust from their creditors. [END] A revocable...

By: Barry E. Haimo, Esq. May 18, 2015 Is Asset Protection Only for the Wealthy? [BEGIN TRANSCRIPTION] Asset protection is not only for the wealthy; it doesn’t require extraordinary wealth. If you have assets, you want to protect those assets, so they go to your family and not to...

How Do I Find an Attorney to Help Me with Asset Protection? By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPTION] HAIMO: The best way to locate an attorney for your asset protection needs is by word of mouth – speaking to people that you know that you trust,...

5 Reasons Why Life Insurance Should Be in Your Estate Plan   By: Barry E. Haimo, Esq. October 10, 2013 Assets can be tangible property, such as cash, cars, stocks and bonds, computers, stamp collections, jewelry and your 60 inch flat screen television. They can also be intangible, such as...

June 19, 2013 By: Barry E. Haimo, Esq. WHAT IS A CREDITOR AND WHY SHOULD I CARE?   In order to understand asset protection and business planning, you need to understand what a creditor is. A creditor is a person or entity to whom you owe money or property....