What Is a Letter of Testamentary? By: Barry E. Haimo, Esq.November 26, 2019 When a loved one dies, someone has to take over and divide their estate. If the deceased has a will, they probably have named a specific person to take on the role of executor...
By: Barry E. Haimo, Esq. November 22, 2018 Can You Be Held Liable for a Spouse's Previous Debts after They Pass Away? We are asked this question frequently. Couples share a lot over the course of their marriage. They may buy property together. Open joint bank accounts....
By: Barry E. Haimo, Esq. October 24, 2019 Heath Ledger and Estate Planning for Life-Changing Events Once you have created a will, it’s easy to forget. Unless there’s a specific reason, not many of us spend time focusing on what will happen to our worldly possessions...
By: Barry E. Haimo, Esq.October 10, 2019 Guardianship vs Power of Attorney One of the most common questions estate planning attorneys receive from clients is, “What’s the difference between an appointed guardianship and a designated power of attorney?” The essential differences are when the appointment happens, and who...
By: Barry E. Haimo, Esq. October 4, 2018 Aretha Franklin Didn’t Leave A Will - Now Her Family Needs a Probate Attorney Aretha Franklin’s death was a blow for musicians, entertainers, and fans throughout the world. The Queen of Soul was 76 years old; her funeral featured tributes...
By: Barry E. Haimo, Esq. September 13, 2018 Four Factors to Consider When Selecting an Executor for Your Estate When you write a last will and testament, one of the most important choices you will make is selecting an executor for your estate. Your executor (also known as a...
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...