By: Barry E. Haimo, Esq. February 13, 2018 Sports Reporter Craig Sager Causes Dramatic Feud for His Blended Family “Nothing like getting served, pestered by Sherrifs & taken to court over a Will that myself and my sisters are not only 100% excluded from but do not even...
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...
Am I Responsible for My Deceased Parent or Spouse’s Bills? By: Barry E. Haimo, Esq. May 19, 2015 [BEGIN TRANSCRIPT] HAIMO: Generally speaking, you are not responsible for the debts of another person unless you actively agree to be responsible for those debts. [END TRANSCRIPT] The weeks and months that follow death...
How to Avoid Probate Click here for a short playlist on the subject of probate. Very few circumstances justify taking action (or not taking action), intentionally, that results in going through Probate administration (a/k/a "estate administration"). It thrusts loved ones and potentially friends into the personal affairs...
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...
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. 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...
As an Heir, How Do I Stay Informed of What Is Happening in the Probate Case? By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPT] HAIMO: Generally beneficiaries—either designated by will or statute—will be notified and kept informed of the status of proceedings because most actions in probate require...
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...
[caption id="attachment_5240" align="alignleft" width="300"] Prince estate blunder.[/caption] By: Barry E. Haimo, Esq. June 22, 2016 Prince's Estate Planning Blunder, a Symbol of What NOT to Do - Part 2 Summary In the first post, we discussed that Prince allegedly died owning approximately $300 million dollars in assets consisting of real...