By: Barry E. Haimo, Esq. August 31, 2017 Understanding Different Kinds of Trusts The best way to learn about the different kinds of trusts available to you is to sit down with a knowledgeable Florida estate planning attorney and explain what you are looking for. Why? Because there are simply...
Business Planning Prezi Presentation Business planning relates to the strategic manner in which you organize and position your business to maximize its likelihood of succeeding. For startups, it typically includes tax and entity selection, governing documents and agreements for key personnel. Governing documents typically address ownership,...
By: Barry E. Haimo, Esq. October 13, 2015 Retirement Accounts Shouldn’t Go to a Revocable Living Trust In the right circumstances, revocable living trusts can be wonderful estate planning tools that can accomplish a wide variety of important goals. A revocable living trust can help you safeguard property and...
By: Barry E. Haimo, Esq. September 29, 2015 How to Protect IRA Assets for Beneficiaries with Trusts As an estate planning attorney, I often work with clients who have accrued large amounts in qualified retirement plans like individual retirement accounts, or IRAs. Often, their IRAs have developed into...
By: Barry E. Haimo, Esq. September 22, 2015 Estate Planning: Don’t Unintentionally Disinherit Your Stepchildren The modern family comes in many shapes and sizes. In Florida, many households include a mix of biological children and stepchildren—children from prior marriages or relationships. When it comes to estate planning, parents of...
By: Barry E. Haimo, Esq. September 1, 2015 The Importance of Funding Your Trust in a Proper and Timely Manner While creating a trust is a good first step, it is by no means the last. For a trust to work effectively, it must be properly funded. “Funding” refers...
When Your Trust Has Been Mismanaged By: Barry E. Haimo, Esq. August 4, 2015 I’ve sung the praises of trusts in many of my previous posts, touting them as an excellent and versatile estate planning tool that can help preserve and protect assets from creditors and financially irresponsible...
By: Barry E. Haimo, Esq. July 28, 2015 Protect Your Life Insurance Payout from Creditors with Trusts: Part 2 While it may sound like a straightforward decision, choosing a beneficiary for your life insurance policy can be a tricky endeavor. Choose poorly, and you could end up causing...
Protect Life Insurance Payouts from Creditors with Trusts - Part 1 By: Barry E. Haimo, Esq. July 21, 2015 Life insurance can be a valuable financial asset and effective estate planning tool. As a general rule, the proceeds of a life insurance policy are paid to a designated...
By: Barry E. Haimo, Esq. May 19, 2015 Do Beneficiaries Have to Pay Creditors Out of Their Own Pocket If the State Is Involved? [BEGIN TRANSCRIPTION] BARRY HAIMO: Generally, in probate proceedings, the assets from an estate are pooled together and creditors are paid out of the estate assets....