Trusts Are Like Toothpaste Tubes   https://www.youtube.com/watch?v=tGBd1olqIe8&t=12s   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...

5 Reasons to Love Trusts   https://www.youtube.com/watch?v=tGBd1olqIe8&t=12s   1. Avoids Probate - Trusts own property in its name instead of your name. Remember that property can include everything you own (Learn more here). As a result of retitling your property into the name of your trust, there's no assets to go...

Another Benefit of Trusts: Owning Real Estate in Multiple States By: Barry E. Haimo, Esq. March 26, 2015 There are many benefits associated with setting up a trust or estate administration, and avoiding probate is at the top of the list. Probate can be a costly, stressful, and...

How to Avoid Probate Click here for a short playlist on the subject of probate. Very few circumstances justify taking action (or not taking action), intentionally, that results in going through Probate administration (a/k/a "estate administration"). It thrusts loved ones and potentially friends into the personal affairs...

By: Barry E. Haimo, Esq. January 31, 2019 What We Can Learn from Stan Lee’s Estate Planning Problems With 18 more Marvel movies still in the pipeline in addition to his half-century-plus as a comic industry icon, it’s pretty safe to say that Stan Lee’s status as a...

A Closer Look at Probate If you watch our videos and read the content on HaimoLaw.com, we guarantee you'll better understand wills, trusts, probate, business planning and asset protection; the basic positive and negatives about each area and why they are important to you, your family...

  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...

Probate: Beast or Burden   I said it before, and I'll say it again: probate is time consuming, expensive and unpredictable. It presses a lot of emotional pressure points that can really be a terrible burden on your family. I've seen it both professionally and...

The Fundamentals of a Last Will and Testament   By: Barry E. Haimo, Esq. A Last Will and Testament or a "Will" is a legal document that expresses your postmortem wishes. It appoints a personal representative or executor to administer your estate. It designates a guardian of the...

By: Barry E. Haimo, Esq. October 18, 2018 6 Top Celebrity Estate Planning Mistakes The passing of our favorite celebrity is tragic to fans; the demise is even more hard-hitting to family of the deceased. The worst-case scenario is when said celebrity doesn’t leave his or her affairs...

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