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...
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. February 4, 2019 Dangers of All or Part of Your Business Becoming a Probate Asset Before you can understand why having your business tied up in probate can be a disaster, you have to first understand what probate is and is not. Catch...
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...
As an Heir, How Do I Stay Informed of What Is Happening in the Probate Case? By: Barry E. Haimo, Esq. May 18, 2015 [BEGIN TRANSCRIPT] HAIMO: Generally beneficiaries—either designated by will or statute—will be notified and kept informed of the status of proceedings because most actions in probate require...
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. August 11, 2015 Communication Series - Failure to Communicate During Estate Planning - Part 1 Even the most thoughtful and thorough estate plan can give rise to confusion and conflict if you have not taken the time to talk to your family about...
WHAT A WILL DOESN’T DO (PART 2) By: Barry E. Haimo, Esq. July 13, 2015 In a prior post, we discussed what a Last Will and Testament does. In this post, we will discuss what a Last Will and Testament does NOT do. What a Will Does Essentially, a Last...
By: Barry E. Haimo, Esq. May 19, 2015 How Does Property Transfer After Death? [BEGIN TRANSCRIPTION] HAIMO: At your point of death, your property will be pooled together and called your probate estate. Through the probate proceedings, your property will be devised to the appropriate beneficiary or beneficiaries. This...
If I Am Named as Executor in a Will, Do I Have to Serve? By: Barry E. Haimo, Esq. May 19, 2015 [BEGIN TRANSCRIPT] BARRY HAIMO: If you’re named in a will as executor or personal representative in Florida, you do not have to serve. You are not obligated...