Bite-Sized Bits of Knowledge
Estate Planning
What You Need to Understand about Tax Basis
You already know that taxes are complicated. It’s why so many people pay to have professionals handle their taxes every year. But tax basis calculation is one of the concepts that people tend to have the most trouble understanding. Part of the problem is that this...
The Illusion that a Will Avoids Probate
Hi. Thanks for tuning in to another dose of bite-sized bits of knowledge, where we give you meaningful information in a short amount of time. Today we're going to talk about just one very narrow topic that we get all the time. I feel compelled to share with you. It's...
Do You Know the Biggest Florida Estate Planning Mistakes?
It’s sad but true: estate planning mistakes are incredibly easy to make. Planning your estate is a complicated process, with lots of potential pitfalls that you need to avoid. Worse, while there are certainly similarities and big rules that every estate plan must...
Estate planning to keep the money in the family
Keep Money in the Family By Engaging in Smart Estate Planning Thoughtful estate planning often includes accomplishing the objective of ensuring that your money and property actually goes where you want it to go. Quite often, that means keeping it in the family....
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...
Life insurance in estate planning
Life insurance is important for income replacement, business buy-outs and succession and tax planning. There are many types of policies and a lot of minutiae that makes everyone but lawyers crazy (even the lawyers too). Understanding how...
Strengthening files to minimize litigation
There's more to thoughtful and strategic planning than plugging in names and variables. It's a process. There's a lot of moving parts. Remember that planning involves probate, guardianship, estate, gift, income and GST tax, marriage,...
Reasons people fail to plan; strengthening docs; important promotions
It's better to plan than not plan. It's better to have a thoughtful and strategic plan than just a plain vanilla one or do-it-yourself version. The difference can be consequential, financially and emotionally. People fail to plan for many...
Years of experience to share and teach
It's not good enough to just know the law or even to understand the terrain and landscape surrounding the law. It's critical to be able to communicate and explain the material in a digestible manner. It's critical (to us at least) that our...
Myth: Dying without a will goes to the state
A great video for our #MythbusterMondays. A will does NOT avoid probate. AND dying without a will does NOT mean that it goes to the state. The state is equivalent to the beneficiary of last resort. The statute specifically tries to find...
Trust providing asset protection
A trust is a separate legal entity that owns and manages property like real estate, cash, stocks, bonds, etc. for the benefit of your desired beneficiaries. A trustee is appointed to manage the trust pursuant to the document’s precise...
Haimo Law Process
Not every firm focuses on estate planning and not every estate planning firm is competent to engage in business planning and business succession planning like we do. Our unique 3-step proven process also sets us apart as well. We take the...
What happens if you fail to plan ahead the default rules
The default rules kick in if you don't have a plan in place. That means that the state statute will determine your beneficiaries and fiduciaries. For a minority of families, it may be okay. But for most families, the default rules are...
Advantages and Disadvantages of Trusts
Trusts can be provide enormous flexibility and control to the creator’s wishes with respect to the devise of trust property to the creator and his or her beneficiaries including who receives it, when they receive it, how they receive it,...
High Level Laundry List of Problems We Solve
What you don't know CAN hurt you, your family and your business. Being prepared means having a plan to navigate life's unforgiving uncertainties both during life AND after death. It's also important to realize that planning is very much...
Big Picture Decisions and Issues
What you don't know CAN hurt you, your family and your business. Being prepared means having a plan to navigate life's unforgiving uncertainties both during life AND after death. It's also important to realize that planning is very much...
Welcome to Bite-Sized Bits of Knowledge
What you don't know CAN hurt you, your family and your business. Being prepared means having a plan to navigate life's unforgiving uncertainties both during life AND after death. Here's just a few benefits: • Control aspects of your...
Probate 101
Thanks for stopping by for another dose of bite-sized bits of knowledge, where we give you a meaningful amount of information in a short amount of time. Today is a really important video. Today we're talking about the reasons people fail to plan – or what happens when...
