By: Barry E. Haimo, Esq. February 19, 2018 Failure to Respect Corporate Formalities and Piercing the Corporate Veil   When it comes forming your business, you have options: disregarded sole proprietorship, general partnership, limited partnerships, limited liability partnerships, limited liability limited partnerships, corporations and limited liability companies (LLCs) (partnership,...

By: Barry E. Haimo, Esq. June 9, 2016 What’s an Outside Creditor? We’ve talked in previous posts about who creditors are and how they can go after your assets. In “What’s an Inside Creditor?”, we discussed the basics of protecting your personal assets from creditors going after your...

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...

Do I Have to Employ Asset Protection for All Types of Assets?   By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPTION] BARRY HAIMO: Asset protection is best utilized to protect your assets in general. To the extent that you have specific assets that are in businesses, or artwork...

June 19, 2013 By: Barry E. Haimo, Esq. WHAT IS A CREDITOR AND WHY SHOULD I CARE?   In order to understand asset protection and business planning, you need to understand what a creditor is. A creditor is a person or entity to whom you owe money or property....

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