Why NY Retirees Should Consider Investment Real Estate By: Barry E. Haimo, Esq. January 27, 2022 You’re finally nearing your well-earned retirement and ready to enjoy it. Or perhaps you are already retired and taking advantage of life at a slower pace on your own...
Who Pays for the Costs of Probate and Estate Administration? By: Barry E. Haimo, Esq. November 15, 2021 [BEGIN TRANSCRIPTION] BARRY HAIMO: The costs associated with probate administration are paid by the estate itself, that includes payments for personal...
Do Beneficiaries Have to Pay Creditors Out of Their Own Pocket If the State Is Involved? By: Barry E. Haimo, Esq. November 8, 2021 [BEGIN TRANSCRIPTION] BARRY HAIMO: Generally, in probate proceedings, the assets from an estate are pooled together and creditors are...
How to Handle Unexpected Debts on an Estate By: Barry E. Haimo, Esq. October 28, 2021 Taking the time to plan your estate is a critical step in ensuring your legacy and assets are protected after you are gone. But what if you have outstanding debts after you pass that...
3 Dangers of Probate You Should Know By: Barry E. Haimo, Esq. September 6, 2021 When considering estate planning, you’ll hear a lot of talk about “avoiding probate.” But what is probate, and what are the dangers of probate you should know? Probate refers to the legal...
Understanding Transfer of Property by Operation of Law By: Barry E. Haimo, Esq. August 9, 2021 Transcript BARRY E. HAIMO, ESQ.: There are a variety of different types of ownership that will transfer by operation of law: most notably, tenants by the entirety and joint...