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...
When you run a business, planning your estate isn’t just about signing over your financial accounts and personal possessions to heirs or completing a power of attorney and outlining medical directives. Most people fail to realize that their business is another asset...
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...
What NY Snowbirds Need to Know About Ancillary Probate By: Barry E. Haimo, Esq. March 17, 2022 Are you one of the many fortunate New Yorkers who call Florida your home away from home for part of the year? If so, you probably own a condo, timeshare, or other real...
After executing your documents and successfully implementing the plan, you are done — well for a while. Remember, estate planning deals creates a flexible framework to help navigate life’s uncertainties. As life changes, you need to review and potentially...
