Bite-Sized Bits of Knowledge
Powers of Appointment: Situations Where You Might Use Them
Powers of Appointment: Situations Where You Might Use Them By: Barry E. Haimo, Esq. April 10, 2024 A Power of Appointment is a very powerful tool that you can include in a trust to provide additional flexibility if you don’t want to stay locked into the original terms...
Funding Your Trust: Does It Really Need to Happen Right Away?
Funding Your Trust: Does It Really Need to Happen Right Away? By: Barry E. Haimo, Esq. April 18, 2024 If you’re thinking to getting a trust and know other people who have set them up, chances are good that you have gotten the advice – likely unsolicited – that it is...
Trust Distributions
How the Grantor Sets Up Trust Distributions and How the Trustee Manages Them By: Barry E. Haimo, Esq.May 23, 2024 Without distributions, a trust is just a collection of assets sitting around that cannot be touched. Because of this, setting up and managing trust...
What You Need to Know about Involuntary Disability Triggers
What You Need to Know about Involuntary Disability Triggers By: Barry E. Haimo, Esq. May 3, 2024 Disability is a common trigger of an involuntary transfer. If someone cannot perform, they are not able to contribute to the business. They will, meanwhile, continue to...
Introduction to Business Formation: Why It’s Important
Introduction to Business Formation: Why It’s Important By: Barry E. Haimo, Esq. May 2, 2024 Forming a business entity is easy to do, but not as easy to do right. Forming the wrong entity can be a huge problem. Also, putting the wrong information on the filing can be...
What Floridians Need to Know about Asset Protection
What Floridians Need to Know about Asset Protection By: Barry E. Haimo, Esq. May 1, 2024 There isn’t a person who exists who doesn’t want to protect their assets. You’ve worked hard for what you have — however much that is — and you want to make sure it doesn’t get...
What Floridians Need to Know about Asset Protection
[image] What Floridians Need to Know about Asset Protection By: Barry E. Haimo, Esq. May 1, 2024 There isn't a person who exists who doesn't want to protect their assets. You've worked hard for what you have -- however much that is -- and you want to make sure it...
Sole Proprietorships in Florida: The Good, the Bad, and the Ugly
Sole Proprietorships in Florida: The Good, the Bad, and the Ugly Maybe you’re a freelancer and you want to keep things simple, but you also want to brand yourself to help get more work. Or perhaps you’re just a single person with a really cheap idea for a product or...
Understanding the Involuntary Divorce Trigger
Understanding the Involuntary Divorce Trigger If you’ve been following along, we’ve been writing quite a bit about the various types of involuntary triggers that can impact the ownership of a business when one person’s ownership stake or shares are taken away due to...
How to Strengthen Your Estate Plan to Minimize Litigation
How to Strengthen Your Estate Plan to Minimize Litigation There’s more to thoughtful and strategic planning than plugging in names and variables. It’s a process. There are a lot of moving parts. Remember that planning involves probate, guardianship, estate, gift,...
