Kobe Bryant's Death Is an Estate Planning Reminder To All By: Barry E. Haimo, Esq. March 19, 2020 Sometimes it’s a death of a close relative. Other times, it’s the loss of a friend. Then there are those celebrity deaths that hit a large number of people hard....

By: Barry E. Haimo, Esq. April 5, 2016 Who Needs a Power of Attorney? With a Power of Attorney, you can give someone else the authority to make decisions and act on your behalf for a wide variety of reasons. For this reason, a Power of Attorney, or...

Wrong Kind of Trust By: Barry E. Haimo, Esq. December 18, 2014 People put money into trusts for a number of reasons. They want to avoid probate. They’re nervous about creditors getting their money. They believe their private affairs should stay that way. In Jerry’s case, he was...

  Isolate Assets - Will a limited partnership (LP) or LLC protect my assets?   By: Barry E. Haimo, Esq. January 3, 2014 Simple Answer: The simple answer is yes. In Florida, a limited partnership (LLP) or a multi-member limited liability company (LLC) will protect your assets. However, it's important to...

Estate Planning for the 2020 Election By: Barry E. Haimo, Esq. March 12, 2020 There are so many big stories in politics right now that it’s tempting to shut down your computer, turn off your phone, and ignore everything that’s happening. Headlines about impeachment, debates, and the upcoming...

By: Barry E. Haimo, Esq. February 1, 2018 The Limitations of Florida's Homestead Protection Life throws curveballs at all of us from time to time. Maybe the market takes a turn for the worse. Or you lose your job. Or you find yourself unable to work due to...

5 Reasons to Love Trusts   https://www.youtube.com/watch?v=tGBd1olqIe8&t=12s   1. Avoids Probate - Trusts own property in its name instead of your name. Remember that property can include everything you own (Learn more here). As a result of retitling your property into the name of your trust, there's no assets to go...

New Guardianship Laws Could Provide Alternatives to Probate Barry E. Haimo, Esq. June 4, 2015 Very few would call Florida’s guardianship program “perfect.” In fact, many—including the Miami New Times— would go as far as to call it “much-maligned” and in desperate need of an overhaul. Under Florida guardianship laws,...

By: Barry E. Haimo, Esq. December 11, 2018 Florida Health Care Advanced Directives Cover Mental Health, Too Many people don’t know this, but Florida health care advance directives don’t just cover physical incapacities – they also can be used to address a decline in mental health. They do this...

Importance of Prenuptial Agreement in Estate Planning By: Barry E. Haimo, Esq. March 6, 2020 Prenuptial agreements don’t have the best reputation. Because of this, couples - especially wealthy couples - may keep the act of “signing a prenup” secret. They may fear that signing this agreement gives...