By: Barry E. Haimo, Esq. December 6, 2017 Understanding the Fundamentals of Estate Administration (Probate) Estate administration (or Probate) is the process of winding down a deceased's legal estate. It involves deceased's ABCs, or assets, beneficiaries and creditors. Even simple estates can take time and incur costs, especially...
By: Barry E. Haimo, Esq. February 19, 2018 Failure to Respect Corporate Formalities and Piercing the Corporate Veil When it comes forming your business, you have options: disregarded sole proprietorship, general partnership, limited partnerships, limited liability partnerships, limited liability limited partnerships, corporations and limited liability companies (LLCs) (partnership,...
What's a Living Will? September 4, 2015 By: Barry E. Haimo, Esq. What is a Living Will, and Why Should I Care? A Living Will is a document that enables you to choose your preference as to whether to be kept alive artificially on life support in the event...
By: Barry E. Haimo, Esq. January 9, 2018 Who are the Material Parties in Probate? Read this post to learn more about the process before proceeding. Estate administration (or probate) can be a lengthy court process. As you learned earlier, it requires addressing the ABCs of a deceased persons's...
[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. October 8, 2017 What to do After a Loved One’s Death - Checklist Following the passing of a loved one, you will understandably be overwhelmed with many emotions. Simultaneously, while trying to process the loss, you may be thrusted into a variety of...
Online DIY Wills, Trusts and Business Documents Are Bad News By: Barry E. Haimo, Esq. February 2, 2013 Do it yourself anything is commonly referred to as "DIY". When it comes to estate planning, Online DIY wills, trusts, and business documents are an absolutely terrible idea. Obviously I'm referring...
By: Barry E. Haimo, Esq. February 19, 2018 Annual Reports and Meeting Minutes You formed a business to separate your personal assets from your business creditors right? It's called limited liability, and it's the most common reason we find people organize their business with a business entity such...
Why You Need a Health Care Surrogate for Your Young Adult Child: An Unexpected Sports Injury By: Barry E. Haimo, Esq. February 12, 2015 When you are a parent, it sometimes seems as though your children become young adults in the blink of an eye. Even if you...
By: Barry E. Haimo, Esq. January 22, 2016 What's Estate Administration or Probate? When a person passes away, his or her affairs have to be wound up and settled. There are three basic components of Estate Administration, or Probate, which we refer to the ABCs: Assets, Beneficiaries and...