Blog
How You Can Learn From Warren Buffet’s Estate Planning
How You Can Learn From Warren Buffet’s Estate Planning By: Barry E. Haimo, Esq. June 18, 2020 Who wouldn’t want to be a beneficiary in Warren Buffet’s will? Even though Buffet has announced plans to give away 99% of his wealth, most people wouldn’t mind being...
The Importance of Communication in Estate Planning: Between Family, Beneficiaries, and the Estate or Trust Administrator
The Importance of Communication in Estate Planning: Between Family, Beneficiaries, and the Estate or Trust Administrator By: Barry E. Haimo, Esq. June 11, 2020 After someone passes away, there’s a lot to do. For friends and family alike, it’s a time of much...
08 – How Long Does this Process Take?
How long does this process take? Generally, the time between our initial meeting and execution ceremony is between ten and fourteen days. We will always keep you thoroughly updated so you know when to expect the process to be executed. Author:...
The SECURE Act’s Impact on Your Estate Planning
The SECURE Act's Impact on Your Estate Planning By: Barry E. Haimo, Esq. June 4, 2020 Just before Christmas 2019 (after months of hold up) the SECURE Act was passed as an aggressive measure to thwart looming worries that, based on market conditions and retirement...
I Wrote A Will…Now What Do I Do?
By: Barry E. Haimo, Esq.May 30, 2019 Last will and testament I Wrote A Will…Now What Do I Do? Well done. You’ve officially taken the first – and arguably the most important – step in ensuring your last wishes for your property and its heirs will be met. So, now you...
Health Care Decisions Need to Be Made While Healthy
Health Care Decisions Need to Be Made While Healthy By: Barry E. Haimo, Esq. May 28, 2020 Estate planning is about more than what happens to your assets when you pass away, it’s also about protecting yourself at the end of your life. It’s critical to have a plan for...
How Stock Market Changes Affect Estate Planning Concerns
How Stock Market Changes Affect Estate Planning Concerns By: Barry E. Haimo, Esq. May 21, 2020 Besides changes in tax legislation, there is a myriad of reasons to revisit your estate plan on a regular basis. Stock market fluctuation (even when it’s on the rise) is one...
Kim Kardashian’s Estate Plan Ensures She’ll Always Look Her Best
By: Barry E. Haimo, Esq. May 17, 2018 Kim Kardashian's Estate Plan Ensures She'll Always Look Her Best When you think of estate planning, it’s likely you imagine deciding who gets which assets. This is the reason many people give for avoiding it. After all, maybe you...
What’s a Living Will?
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...
How the Coronavirus Is Disrupting the Probate Court Process
How the Coronavirus Is Disrupting the Probate Court Process By: Barry E. Haimo, Esq. May 14, 2020 COVID-19 is disrupting many important things in everyday life. From school closures to working remotely, it’s changing the landscape of how things are done in America —...
Failure to Respect Corporate Formalities and Piercing the Corporate Veil
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...
What Texting and Asset Protection Planning Have in Common
South Florida Trusts and Estates Attorney. Strategic Planning with Purpose. Wills, Trusts, Probate, Business Planning, Asset Protection.
_ What to do After a Loved One’s Death – Checklist
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...
The Coronavirus is One of Many Reasons for Getting a Power of Attorney
The Coronavirus is One of Many Reasons for Getting a Power of Attorney By: Barry E. Haimo, Esq. May 7, 2020 The coronavirus pandemic has led many to re-evaluate their estate plans. In particular, people are reviewing their decisions regarding utilizing a Power of...
05 – Understanding the Fundamentals of Estate Administration (Probate)
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...
09 – What Is an Execution Ceremony?
What is an execution ceremony? Like most states, Florida requires that your estate planning documents be executed in compliance with very particular formalities. These formalities exist because you are executing documents that take effect or govern your...
Is Michael’s Jackson’s Name and Likeness Worth Only $2,105?
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...
Prince’s Estate Planning Blunder, a Symbol of What NOT to Do – Part 1
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...
Is an Estate Tax Imposed by Both the Federal and State Governments?
By: Barry E. Haimo, Esq. May 19, 2015 Is an Estate Tax Imposed by Both the Federal and State Governments? [BEGIN TRANSCRIPTION] In some states, you will pass away and be subject to both federal and state estate tax. However, in Florida, you will only be subject to...
Panicking about Not Having an Estate Plan with Coronavirus Raging? Here Are Your Need-to-Know Basics
Panicking about Not Having an Estate Plan with Coronavirus Raging? Here Are Your Need-to-Know Basics By: Barry E. Haimo, Esq. April 30, 2020 Statistics say about half of you haven’t looked at your estate planning documents since you originally signed them (or in at...
Why You Need a Health Care Surrogate for Your Young Adult Child: An Unexpected Sports Injury
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...
American Muslims: Don’t Expect US Gov’t to Follow Islamic Asset Distribution Guidelines Automatically
Quran - holy book of Islam Barry E. Haimo, Esq.April 4, 2019 American Muslims: Don’t Expect US Gov’t to Follow Islamic Asset Distribution Guidelines Automatically America strives to be a country that separates the legal system from the rules of organized religion. No...
Wealth Transfer Strategies to Consider to Protect Your Assets from Coronavirus-Related Market Troubles
Wealth Transfer Strategies to Consider to Protect Your Assets from Coronavirus-Related Market Troubles By: Barry E. Haimo, Esq. April 23, 2020 COVID-19, or the novel coronavirus, has thrown the global market into disarray. This places many challenges in the path of...
Online DIY Wills, Trusts and Business Documents Are Bad News
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...
What Are Some Use Cases of a Power of Attorney?
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 us? And,...
