There are a variety of business structures depending on your business’ goals and needs, such as: Sole proprietorship Limited liability company (LLC) Professional Association Corporation S-Corporation Partnership Limited Partnership Limited Liability Partnership...
In Florida, if you are married and have adult children together (assuming that neither one of you has children with another person), all of your assets will automatically go to your spouse unless you create an alternate plan. This is a good thing, right? After all,...
The Crucial Role of Elective Share in Florida Like homestead, Florida’s elective share can wreak havoc on an estate. What exactly is elective share? [Read Transcript] Hi, this is Barry Haimo. Thank you for stopping by for a dose of Bite-Sized Bits of...
Insurance is an important part of everyone’s life. Think of it as risk management. You’re paying money (called a premium) to an institution to shift the risk from you to them. They dilute that risk by insuring a hundred million people. By shifting that risk, you’re...
BEGIN TRANSCRIPT Trusts are excellent vehicles for the reduction of the estate tax. Being as though the estate tax threshold changes periodically, it’s important to utilize these vehicles to maximize the amount of assets that you can remove from your estate for estate...
5 Ways to Avoid Probate in New York By: Barry E. Haimo, Esq. April 14, 2022 If you are taking the time to plan your estate, you probably have your beneficiaries’ best interests in mind. So the last thing you’d want is for your estate to get tied up in probate. New...
