By: Barry E. Haimo, Esq. June 29, 2017 Handling assets after a loved one’s death is never easy. Bumps in the road are inevitable, especially if they had a large or complicated estate. If you are preparing to begin the probate process for a loved one’s estate,...
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,...
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...
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...
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...
[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...
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. 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...