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The Difference between Succession Planning and Estate Planning
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...
Biggest mistakes in estate planning
When it comes to estate planning, mistakes can be expensive. Expensive in terms of time, energy, emotion, dealing with attorneys and court staff and family members you haven't spoken to since Vietnam. Thoughtful planning minimizes this...
The Importance of Designating an Alternate Personal Representative
The Importance of Designating an Alternate Personal Representative By: Barry E. Haimo, Esq. September 20, 2021 When planning your estate, determining who to name as a personal representative is incredibly important. I can also be challenging. Since personal...
Don’t Name These People or Entities as Beneficiaries
Don't Name These People or Entities as Beneficiaries By: Barry E. Haimo, Esq. September 16, 2021 When it comes to estate planning, one of the biggest decisions you’ll make is who to name as a beneficiary. Beneficiaries are those people or entities designated in your...
Estate planning to keep the money in the family
Thoughtful estate planning often includes accomplishing the objective of ensuring that money and property remains in the family. Consider the scenario where one spouse passes away leaving a spouse and children. The surviving spouse may...
Top 5 Estate Planning Benefits for Real Estate Investors
Top 5 Estate Planning Benefits for Real Estate Investors By: Cristin Gerczak. Esq. September 14, 2021 So you’re a savvy real estate investor. Of course you want to grow your portfolio and maximize a legacy that your loved ones can eventually inherit. Estate planning...
Understanding General Partnership Advantages and Disadvantages
Understanding General Partnership Advantages and Disadvantages By: Barry E. Haimo, Esq. September 13, 2021 Creating a business is difficult to do alone. Bringing on someone as a partner can seem like a great way to take some of the burden off of you. And it can...
What You Need to Know about Valuing Estate Assets
What You Need to Know about Valuing Estate Assets By: Barry E. Haimo, Esq. September 9, 2021 When dealing with the death of a loved one, surviving family members often consult estate planners or legal experts regarding valuing estate assets. They want to know if it is...
Estate Planning with a Financially Irresponsible Spouse
Estate planning is not the same as thoughtful estate planning. Thoughtful estate planning includes really getting granular on the details. As they say, the devil's in the details. There is no better application than thinking through...
3 Dangers of Probate
3 Dangers of Probate You Should Know By: Barry E. Haimo, Esq. September 6, 2021 When considering estate planning, you’ll hear a lot of talk about “avoiding probate.” But what is probate, and what are the dangers of probate you should know? Probate refers to the legal...
