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,...

Business Plan By: Barry E. Haimo, Esq.April 18, 2019 Do Small Businesses Really Need to Engage in Business Planning? If you are a small-to-medium-sized business owner, you may view building a business plan as a deeply complex endeavor that will require exorbitant amounts of time. And because of...

By: Barry E. Haimo, Esq. March 29, 2018 Is Michael's Jackson's Name and Likeness Worth Only $2,105? For estate tax filing, the executors for Michael Jackson’s estate claimed that the value of his name and likeness was tarnished, thus lowering its value. But is it worth only $2,105? The...

          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...

By: Barry E. Haimo, Esq.April 11, 2019 Estate planning worksheet The Dangers of DIY Estate Planning DIY (Do-It-Yourself) is one of the most popular phenomena today. More and more people are finding it worthwhile to roll up their sleeves and accomplish diverse home repairs and other improvement...

[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 9, 2016 What Are Some Use Cases of a Power of Attorney? When we start to plan for our future, we have to think about what will happen when we can’t make decisions for ourselves. Who will make those important decisions for...