Estate Plans Should Include Instructions for Your Digital Assets (Part 1)   By: Barry E. Haimo, Esq. July 10, 2014 This 4 part blog series on digital assets will cover the following topics: 1. Identifying what are digital assets (Part 1) 2. List the benefits of incorporating digital estate planning into your...

Not Judgment-Proof May Equal Checkmate   By: Barry E. Haimo, Esq. July 3, 2014 Do you know anyone who's been sued? Someone who's had a judgment entered against them? Specifically, do you know anyone who has had their car, boat, bank account, brokerage account or other asset taken away...

Inherited IRAs Lose Important Ground   By: Barry E. Haimo, Esq. June 25, 2014 Click here to read this post for a basic introduction to IRAs. As you know, one of the benefits of IRAs is that they are protected from creditors. This is particularly true in Florida, under Section 222.11, Florida...

The Basics: IRAs 101   By: Barry E. Haimo, Esq. June 18, 2014 Background:   An Individual retirement account ("IRA") is a financial vehicle with many benefits to the person who created it as well as his or her family. Some of the benefits include: Tax deferral *Asset protection from creditors Probate...

The Estate Planning Tragedy of Jack and Jill   By: Barry E. Haimo, Esq. June 11, 2014 Jack and Jill Whisdom were college sweethearts. They were married thirty-seven years until that fateful night when Jack had a sudden fatal heart attack. He was survived by his twin daughters, Gina and Genny,...

The Tragedy of John and Rita Famson   By: Barry E. Haimo, Esq. May 28, 2014 John and Rita were college sweethearts and married young. They are now in their sixties and have two adult children together, Jen and Rachel. Rachel's marriage is rocky and Jen is terribly financially...

A Partnership Gone Bad - Start-Up Sand Castle   By: Barry E. Haimo, Esq. May 21, 2014 Ben and Dan were friends for years. They had adjacent offices at their current systems firm. Throughout most days at work, they'd brainstorm about their dream business, Trust Consulting, a boutique consulting...

Estate Planning for the [television show] Modern Family   By: Barry E. Haimo, Esq. May 12, 2014 Estate planning is about family, and every family is unique, dynamic and complex. The hit television show, Modern Family, teaches us quite a few estate planning lessons. The lead character, Jay Pritchett,...

Should I Hire an Attorney to Help Me with My Startup Business?   By: Ian F, a client of Haimo Law May 1, 2014 Over the past few years I have started two separate businesses, both of which I financed on my own with limited funds. And as anyone...

Trusts are the "Channels" of Your Family's Future   By: Barry E. Haimo, Esq. April 24, 2014 If you fail to plan your estate, here are a few things that you are setting your family up to experience. Guardianship During life, if you become mentally incapacitated by illness or injury, your...