The Difference between Succession Planning and Estate Planning By: Barry E. Haimo, Esq. September 23, 2021 While everyone should protect their wealth, business owners must take extra precautions to safeguard both their personal and business assets. Two ways to ensure...
Considering the Dangers of Irrevocable Trusts By: Barry E. Haimo, Esq. August 30, 2021 People put money into trusts for a number of reasons. They want to avoid probate. They’re nervous about creditors getting their money. They believe their private affairs should stay...
How Your Art Collection Factors Into Your Estate Plan By: Barry E. Haimo, Esq. January 28, 2020 Every piece of artwork — from internationally renowned photography to mixed media pieces by artists around the country, all the way down to works found at the neighborhood...
Do Your Children Need Asset Protection? By: Barry E. Haimo, Esq. November 24, 2020 The shortest answer we can give you is that if you have children, then yes, they do need asset protection. Indeed, most people who have children hope to leave some form of inheritance...
Trusts Are Like Toothpaste Tubes You read the title correctly. Trusts are in fact a lot like toothpaste tubes. Let me tell you how. First, you have full control over how much toothpaste is squeezed out. You can squeeze out a little or a lot. It’s...
