Dangers

[caption id="attachment_5240" align="alignleft" width="300"] Prince estate blunder.[/caption]             By: Barry E. Haimo, Esq. June 22, 2016 Prince's Estate Planning Blunder, a Symbol of What NOT to Do - Part 2   Summary In the first post, we discussed that Prince allegedly died owning approximately $300 million dollars in assets consisting of real...

[caption id="attachment_5240" align="alignleft" width="300"] Prince estate blunder.[/caption]             By: Barry E. Haimo, Esq. May 12, 2016 Prince's Estate Planning Blunder, a Symbol of What NOT to Do - Part 1 Prince’s untimely death surprised everyone. It was terribly tragic and sad. In the weeks immediately following his death, his sister...

By: Barry E. Haimo, Esq. January 5, 2016 3 Dangers of Probate When considering estate planning, you’ll hear a lot of talk about “avoiding probate.” But what is probate, and why is it something people want to avoid? Probate refers to the legal process through which a deceased person’s...

By: Barry E. Haimo, Esq. May 19, 2015 How Does Property Transfer After Death? [BEGIN TRANSCRIPTION] HAIMO: At your point of death, your property will be pooled together and called your probate estate. Through the probate proceedings, your property will be devised to the appropriate beneficiary or beneficiaries. This...

Am I Responsible for My Deceased Parent or Spouse’s Bills? By: Barry E. Haimo, Esq. May 19, 2015 [BEGIN TRANSCRIPT] HAIMO: Generally speaking, you are not responsible for the debts of another person unless you actively agree to be responsible for those debts. [END TRANSCRIPT] The weeks and months that follow death...