By: Barry E. Haimo, Esq. November 28, 2017 Types of Estate Administration (Probate): Formal v. Summary Administration There are two main types of estate administrations, which are commonly referred to as probate. They are very similar  and also very different. Fortunately, you do not have to choose one...

When Does a Power of Attorney Become Effective By: Barry E. Haimo, Esq. March 3, 2016 Depending on your purpose for creating a Power of Attorney, you can allow someone else to act on your behalf in a variety of situations, both specific and general. Most Powers of Attorney...

By: Barry E. Haimo, Esq. December 20, 2018 Art, Collectibles, Heirlooms — How to Estate Plan for Hard Assets It’s common for people to transfer liquid assets such as cash, bonds, and stocks in a will or trust. Hard assets like art, collectibles, and heirlooms can be more...

Why Your College-Bound Kid Needs a Health Care Surrogate   By: Barry E. Haimo, Esq. March 12, 2015 Confident, optimistic, and eager to take on the world, your college-bound child might not be thrilled with the idea of signing away even a small bit of privacy to their parents....

What's a Health Care Surrogate?   April 6, 2013 By: Barry E. Haimo, Esq. A health care surrogate is similar to a power of attorney. It appoints someone to act on your behalf, but is limited to health care decisions rather than financial and administrative affairs. This is an...

The Fundamentals of a Last Will and Testament   By: Barry E. Haimo, Esq. A Last Will and Testament or a "Will" is a legal document that expresses your postmortem wishes. It appoints a personal representative or executor to administer your estate. It designates a guardian of the...

How a Power of Attorney Can Be Abused   By: Barry E. Haimo, Esq. February 5, 2015 Imagine you were going to give someone access to your bank account, retirement and savings accounts, and property. You’d feel better about giving that access to someone you trust, wouldn’t you? Unfortunately, the...

By: Barry E. Haimo, Esq. December 13, 2018 How 529s Should Factor into Your Estate Plan The Qualified Tuition program (QTP) — popularly known as the 529 plan — is one of the various education plans that are used to finance higher education learning for many students in...

By: Barry E. Haimo, Esq. December 6, 2018 What We Can Learn From Stormy Daniels’ Oral Will Ms. Daniel’s ordeal is certainly the stuff of a “stormy” political suspense thriller, right down to alleged death threats following her tryst with a public (and now presidential) figure that left...