By: Barry E. Haimo, Esq. August 23, 2018 Who Will Help Bourdain's 11-Year-Old Daughter Manage His $1.2 Million Estate? 61-year-old Anthony Bourdain wasn’t just a charismatic celebrity traveler, chef, and author. He was also a father. The beloved travel-show host died earlier this summer, after apparently committing suicide...
By: Barry E. Haimo, Esq.August 22, 2019 Dan Gilbert, the Fate of the Cleveland Cavaliers, and Estate Planning All reports point to Dan Gilbert making great strides mere weeks into recovery from a stroke. Still, it’s impossible to know exactly what’s going through his mind. His estimated $7...
By: Barry E. Haimo, Esq. December 6, 2017 Understanding the Fundamentals of Estate Administration (Probate) Estate administration (or Probate) is the process of winding down a deceased's legal estate. It involves deceased's ABCs, or assets, beneficiaries and creditors. Even simple estates can take time and incur costs, especially...
By: Barry E. Haimo, Esq. January 9, 2018 Who are the Material Parties in Probate? Read this post to learn more about the process before proceeding. Estate administration (or probate) can be a lengthy court process. As you learned earlier, it requires addressing the ABCs of a deceased persons's...
[caption id="attachment_5240" align="alignleft" width="300"] Prince estate blunder.[/caption] By: Barry E. Haimo, Esq. May 12, 2016 Prince's Estate Planning Blunder, a Symbol of What NOT to Do - Part 1 Prince’s untimely death surprised everyone. It was terribly tragic and sad. In the weeks immediately following his death, his sister...
By: Barry E. Haimo, Esq. October 8, 2017 What to do After a Loved One’s Death - Checklist Following the passing of a loved one, you will understandably be overwhelmed with many emotions. Simultaneously, while trying to process the loss, you may be thrusted into a variety of...
Quran - holy book of Islam Barry E. Haimo, Esq.April 4, 2019 American Muslims: Don’t Expect US Gov’t to Follow Islamic Asset Distribution Guidelines Automatically America strives to be a country that separates the legal system from the rules of organized religion. No person of faith should expect...
By: Barry E. Haimo, Esq. January 22, 2016 What's Estate Administration or Probate? When a person passes away, his or her affairs have to be wound up and settled. There are three basic components of Estate Administration, or Probate, which we refer to the ABCs: Assets, Beneficiaries and...
By: Barry E. Haimo, Esq. July 27, 2017 (slightly modified April 21, 2018) It is never easy dealing with the loss of a loved one. However, there will come a point when decisions need to be made about the possessions that they have left behind. This includes...
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...