The Importance of Designating an Alternate Personal Representative By: Barry E. Haimo, Esq. September 20, 2021 When planning your estate, determining who to name as a personal representative is incredibly important. I can also be challenging. Since personal...
Keep Money in the Family By Engaging in Smart Estate Planning Thoughtful estate planning often includes accomplishing the objective of ensuring that your money and property actually goes where you want it to go. Quite often, that means keeping it in the family....
Life insurance is important for income replacement, business buy-outs and succession and tax planning. There are many types of policies and a lot of minutiae that makes everyone but lawyers crazy (even the lawyers too). Understanding how they work is important. More...
Can You Have Your Cake and Eat It Too With Irrevocable Trusts? By: Barry E. Haimo, Esq. June 25, 2021 Irrevocable trusts tend to be a bit misunderstood. When most people think of these types of trusts, they think that they don’t offer any type of flexibility. And, in...
Have a Closely Held Business? Make Sure These Things Are Covered in Your Estate Plan By: Barry E. Haimo, Esq. May 13, 2021 If you have a closely held business — that is, a business that’s incorporated but held by a limited number of stakeholders —...