What's a Power of Attorney? By Barry E. Haimo, Esq. March 30, 2013 What is a Power of Attorney? A power of attorney is a document that appoints an attorney-in-fact as your agent to administer your financial and administrative affairs on your behalf. It can appoint multiple agents, either...
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...
By: Barry E. Haimo, Esq. August 31, 2017 Understanding Different Kinds of Trusts The best way to learn about the different kinds of trusts available to you is to sit down with a knowledgeable Florida estate planning attorney and explain what you are looking for. Why? Because there are simply...
Trusts Are Like Toothpaste Tubes https://www.youtube.com/watch?v=tGBd1olqIe8&t=12s You read the title correctly. Trusts are in fact a lot like toothpaste tubes. Let me tell you how. First, you have full control over how much toothpaste is squeezed out. You can squeeze out a little or a lot. It's...
https://www.youtube.com/watch?v=KICpGOiCpsk An Unlawfully dishonored Living Will - Part 2 By: Barry E. Haimo, Esq. January 6, 2014 Last week we wrote a post about the unfortunate and tragic story of a 13 year old teenager - Jahi McMath - who experienced a terrible adverse reaction to otherwise "routine" surgery...
Isolate Assets - Will a limited partnership (LP) or LLC protect my assets? By: Barry E. Haimo, Esq. January 3, 2014 Simple Answer: The simple answer is yes. In Florida, a limited partnership (LLP) or a multi-member limited liability company (LLC) will protect your assets. However, it's important to...
5 Reasons to Love Trusts https://www.youtube.com/watch?v=tGBd1olqIe8&t=12s 1. Avoids Probate - Trusts own property in its name instead of your name. Remember that property can include everything you own (Learn more here). As a result of retitling your property into the name of your trust, there's no assets to go...
How to Avoid Probate Click here for a short playlist on the subject of probate. Very few circumstances justify taking action (or not taking action), intentionally, that results in going through Probate administration (a/k/a "estate administration"). It thrusts loved ones and potentially friends into the personal affairs...
Adult Children with Serious Conditions Need a Health Care Surrogate Barry E. Haimo, Esq. April 23, 2015 Having a child who is truly sick with a serious illness is every parent’s worst nightmare. You feel angry, sad, and helpless all at once. You rearrange your life to ensure they...
[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...