IRC 1031 Like-kind exchange By: Barry E. Haimo, Esq. June 19, 2025 What is a 1031 Like-Kind Exchange? At its core, a 1031 exchange, named after Section 1031 of the Internal Revenue Code, allows you to defer capital gains taxes when you sell an investment property and...
Failure to Respect Corporate Formalities and Piercing the Corporate Veil By: Barry E. Haimo, Esq. June 3, 2025 When it comes forming your business, you have options: disregarded sole proprietorship, general partnership, limited partnerships, limited liability...
Estate Planning in a Time of Uncertainty Could Let Your Family Keep More of Your Assets By: Barry E. Haimo, Esq. May 30, 2025 Massive changes by the current administration — sometimes shifting back and forth from day to day — have US financial markets...
Do Trusts or LLCs Provide Better Asset Protection? You may think of a trust as the only way to protect your assets from creditors after you’re gone. Today, we’ll be talking about another option for asset protection: the use of an LLC. Each has its advantages and...
Medicaid Planning 101 By Cristin Gerczak, Esq. June 23, 2023 What is Medicaid? Medicaid is a government program that assists in paying for medical and long-term care expenses for qualified individuals. It is a shared federal and state government program. Medicaid is...
Asset Protection Planning 101 – Build Your Financial Fortress By: Barry E. Haimo, Esq. August 31, 2022 We live in a “lawsuit-happy” society. Litigation has become a popular tool for accumulating wealth by financial predators and their attorneys. They use the...
