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...

By: Barry E. Haimo, Esq. September 13, 2018 Four Factors to Consider When Selecting an Executor for Your Estate When you write a last will and testament, one of the most important choices you will make is selecting an executor for your estate. Your executor (also known as a...

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...

Probate - Notice to Creditors - Part 2   By: Barry E. Haimo, Esq. March 12, 2014 Please read Notice to Creditors - Part 1 first if you have not already done so. You hopefully learned from prior posts that Probate is definitely something worth investing money to avoid; at...

Personal Representative Compensation: Does an Executor Get Paid?   By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPTION] BARRY HAIMO: An executor or personal representative of an estate can get paid. They can be entitled to compensation. Sometimes estate plan documents provide for no compensation, but under the laws of...

Complicated “Modern” Families Lead to Complicated Estates   By: Barry E. Haimo, Esq. August 29, 2014 Even just a few generations ago, the words “till death do you part” had a very concrete meaning for most people. Marrying someone truly did mean spending your life with them except in...

What a Will Does (Part 1) Author: Barry E. Haimo, Esq. August 5, 2014 A Last Will and Testament or a “Will” is a legal document that expresses your postmortem wishes; mainly with respect to devising assets and appointing fiduciaries. It designates a personal representative or executor to...

What a Will Does and Doesn't Do (Part 1) [caption id="attachment_2584" align="alignleft" width="300"] What message are you sending your beneficiaries?[/caption]           By: Barry E. Haimo, Esq. August 5, 2014 A Last Will and Testament or a “Will” is a legal document that expresses your postmortem wishes; mainly with respect to devising...

The Estate Planning Tragedy of Jack and Jill   By: Barry E. Haimo, Esq. June 11, 2014 Jack and Jill Whisdom were college sweethearts. They were married thirty-seven years until that fateful night when Jack had a sudden fatal heart attack. He was survived by his twin daughters, Gina and Genny,...

List of Burdens of Failure to Plan Ahead Ignorance is bliss - First ask yourself if you want to learn about estate planning knowing it will probably change your attitude and propel you into action. In other words, you need to decide whether you want to...

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