By: Barry E. Haimo, Esq. March 29, 2018 Is Michael's Jackson's Name and Likeness Worth Only $2,105? For estate tax filing, the executors for Michael Jackson’s estate claimed that the value of his name and likeness was tarnished, thus lowering its value. But is it worth only $2,105? The...

How the 2017 Tax Act Changes Estate Planning By: Barry E. Haimo, Esq. March 22, 2018 The 2017 Tax Act is a game-changer in many ways – and estate planning is no exception. Particularly if you have a large estate, you should revisit your plan to ensure it...

By: Barry E. Haimo, Esq. October 6, 2015 Estate Planning: You Shouldn’t Always Accept an Inheritance From disco albums to boring books to ugly sweaters—we’ve all politely accepted gifts we don’t want at some point in our lives. But while graciously accepting an unwanted gift might not do much...

By: Barry E. Haimo, Esq. May 19, 2015 Is an Estate Tax Imposed by Both the Federal and State Governments? [BEGIN TRANSCRIPTION] In some states, you will pass away and be subject to both federal and state estate tax. However, in Florida, you will only be subject to federal...

By: Barry E. Haimo, Esq. May 18, 2015 Are There Techniques Available to Avoid or Reduce Estate Taxes? [BEGIN TRANSCRIPT] HAIMO: There are many techniques that you can utilize to avoid or reduce estate tax liability. The threshold for estate tax liability changes periodically, so it’s important to consult with...

Inherited IRAs Lose Important Ground   By: Barry E. Haimo, Esq. June 25, 2014 Click here to read this post for a basic introduction to IRAs. As you know, one of the benefits of IRAs is that they are protected from creditors. This is particularly true in Florida, under Section 222.11, Florida...

What Richie Incognito and Joe Robbie Have in Common Other Than the Dolphins   By: Barry E. Haimo, Esq. February 22, 2014 By now, everyone is tired of hearing about the Miami Dolphins. The commentary usually criticizes poor coaching, management and performance. These days, the story keeps on getting...

Victory! Married Same-Sex Couples Gain Equal Tax Benefits Two months after the Defense of Marriage Act was struck down, the Treasury department ruled that legally married same-sex couples will be characterized as married for federal tax purposes. This decision is critical to same-sex couples lawfully married in...