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Introduction to Transfers
Transfers may be one of the most litigated issues when it comes to shareholders/members/partners etc. You can transfer all, part or various rights associated with your shares/membership interest/partnership interest. etc. Whether you are...
Why NY Retirees Should Consider Investment Real Estate
Why NY Retirees Should Consider Investment Real Estate By: Barry E. Haimo, Esq. January 27, 2022 You’re finally nearing your well-earned retirement and ready to enjoy it. Or perhaps you are already retired and taking advantage of life at a slower pace on your own...
If a Person Has a Revocable Living Trust, What Happens When They Die?
If a Person Has a Revocable Living Trust, What Happens When They Die? By: Barry E. Haimo, Esq. January 25, 2022 [BEGIN TRANSCRIPTION] HAIMO: If a person executes a revocable living trust and all of their property is in the name of the trust, then there is no need for...
How to Lawsuit-Proof Your Estate Plan
By: Barry E. Haimo, Esq. January 20, 2022 If you’ve begun planning your estate, you know the importance of protecting your hard-earned assets during and after your lifetime. But the unfortunate reality is that without the proper protection from lawsuits, your estate...
Governing Documents – Allocation of Distributions
Corporations (C and S) do not have the ability to allocate distributions of available cash to the partners in any way that is contrary to their percentage interests (pro rata). It’s really simple for them which can be good or bad depending...
The Worst Inheritance Assets to Leave Behind
The Worst Inheritance Assets to Leave Behind By: Barry E. Haimo, Esq. January 13, 2022 Perhaps you’ve already begun estate planning and are thoughtfully considering how you want your assets distributed after you’re gone. Or maybe you are one of the many Americans who...
Governing Documents – Meetings
Regardless of entity type, it’s important to address meetings. There’s two kinds of meetings: shareholders’ meetings and meetings of management. Shareholders typically have an annual meeting. Management meetings typically meet more...
Reasons to Disinherit Someone From Your Will
Reasons to Disinherit Someone From Your Will By: Barry E. Haimo, Esq. January 20, 2022 It’s the standard assumption that if you are preparing your estate, the beneficiaries of your assets will be your family. But what if you don’t actually get along with a handful of...
Governing Documents – Ownership
Governing documents are critical for a lot of reasons, and one of those reasons is to well- document ownership. Each entity has different options. Some have more rights incident to ownership than others. Rights can mean participation in...
How Financial Gifts Can Protect Your Estate
How Financial Gifts Can Protect Your Estate By: Barry E. Haimo, Esq. December 30, 2021 Many people like to give gifts. Well, what if you could gift money to friends and family and reduce the amount you have to pay in estate taxes at the same time? Typically, the...