Estate Planning

By: Barry E. Haimo, Esq. March 21, 2017 UNDERSTANDING 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 pursuant to the document’s precise...

By: Barry E. Haimo, Esq. August 30, 2016 5 Estate Planning Tips Everyone Should Follow Estate planning is a complicated process. Everyone has unique needs, so it is difficult to create a cookie cutter estate plan that works for every situation. You want something that has been tailored...

  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...

    Estate planning is often misunderstood. People tend to think only of inheritance of property after death by way of a last will and testament. In reality, however, estate planning helps families and businesses get organized and put all the right pieces in place and the right...

By: Barry E. Haimo, Esq. December 5, 2015 9 Reasons That You Should Change Your Will   There are a number of reasons you may need to update your will. Typically, an alteration to your will is the result of a major change in your life. Sometimes, however, even...

By: Barry E. Haimo, Esq. November 19, 2015 5 Questions to Ask before Hiring an Estate Planning Attorney   An estate planning attorney is a legal professional who helps his or her clients get organized and prepared for during life and after death. Through years of experience and education,...

By: Barry E. Haimo, Esq. October 15, 2015 Don’t Forget to Change Your Will after You Divorce - Part 1   So you’ve invested time, energy, and care into creating a comprehensive estate plan, complete with a will, trusts, power of attorney, health care surrogate, and living will....

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. October 6, 2015 Estate Planning: You Shouldn’t Always Accept an Inheritance From disco albums to boring books to ugly sweaters—we’ve all politely accepted gifts we don’t want at some point in our lives. But while graciously accepting an unwanted gift might not do much...