By: Barry E. Haimo, Esq. October 2, 2017 What’s an Estate? An estate is a legal entity just like a person, corporation, limited liability company, limited partnership and trust. An estate comes into existence only by going through the probate process in the probate court. It is formed...

By: Barry E. Haimo, Esq. February 20, 2020 Will The Secure Act of 2019 Impact Your Retirement?  As older Americans start to plan their retirement, update their Last Will and Testament, or prepare for tax season, all eyes are on Congress. Recent and proposed changes to estate taxes...

By: Barry E. Haimo, Esq. March 29, 2016 Who Are the Parties in a Power of Attorney? If you are ever incapacitated or unable or unavailable to perform an activity, you may want to consider a Power of Attorney. A Power of Attorney is an advance care directive...

By: Barry E. Haimo, Esq. January 5, 2016 3 Dangers of Probate When considering estate planning, you’ll hear a lot of talk about “avoiding probate.” But what is probate, and why is it something people want to avoid? Probate refers to the legal process through which a deceased person’s...

By: Barry E. Haimo, Esq. June 15, 2017 As the personal representative of an estate, you have the responsibility of properly managing and distributing their assets through the court system. The probate process isn’t always easy to navigate, however, and waiting on creditors can cause it to...

  By: Barry E. Haimo, Esq. February 4, 2019 Dangers of All or Part of Your Business Becoming a Probate Asset   Before you can understand why having your business tied up in probate can be a disaster, you have to first understand what probate is and is not. Catch...

Probate - Notice to Creditors - Part 2   By: Barry E. Haimo, Esq. March 12, 2014 Please read Notice to Creditors - Part 1 first if you have not already done so. You hopefully learned from prior posts that Probate is definitely something worth investing money to avoid; at...

Avoid Creditors: Keep a Mistake from Becoming Financial Ruin   By: Barry E. Haimo, Esq. November 18, 2014 A while back I wrote about how someone could get into a car accident while texting and lose all of their money if the person they hit decided to sue them....

By: Barry E. Haimo, Esq. November 10, 2015 Asset Protection Plan: Why You Need to Separate Yourself from Your Business   As the old saying goes, “It’s not what you make, it’s what you keep that counts.” This tidbit of wisdom can be applicable to anyone, but it rings especially...