by Trust Counsel | Jul 26, 2019 | Articles, Uncategorized
Last week, we discussed the benefits of a unique estate planning vehicle known as a Lifetime Asset Protection Trust (LAPT). We referenced this planning tool in the context of how it could have protected Clare Bronfman, the heiress to the multi-billion-dollar Seagram’s...
by Trust Counsel | Jul 25, 2019 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Family, Financial, Trusts, Wills
The sudden death of a loved one is always a tragedy. But when someone with a large estate passes away unexpectedly, that tragedy may be compounded by a lengthy and unpleasant probate process. Such deaths are a poignant reminder of the importance of careful estate...
by Trust Counsel | Jul 19, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax
When you create your estate plan, the idea that one of your adult children would ever use their inheritance to bankroll a cult is probably something you’d never dream of, much less anticipate. Yet that’s exactly what 40-year-old Clare Bronfman, heiress to the...
by Trust Counsel | Jul 12, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial
While most people assume only the uber wealthy need to worry about asset protection, those with less wealth and fewer assets may be at even greater risk. For example, if you’re a multi-millionaire, a $50,000 judgment against you might not be that big of a burden. But...
by Trust Counsel | Jul 11, 2019 | Articles
In our last newsletter, I discussed the wide spread speculation that fashion icon, Gloria Vanderbilt, would leave her entire legacy to charity and effectively disinherit her sons, including famed CNN Journalist Anderson Cooper. Well, Vanderbilt surprised many. As it...
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