Why You Need a Trust – Even if You Aren’t Rich

by Trust Counsel | Oct 15, 2021 | Articles, Asset Protection, Estate Planning, Trusts

When you hear the words, “trust fund,” do you conjure up images of stately mansions and party yachts? A trust fund – or trust – is actually a great estate planning tool for many people with a wide range of incomes who want to accomplish a specific purpose...

Pablo Picasso’s Nonexistent Will Paints a Painful Picture for the Future of His Estate

by Trust Counsel | Oct 14, 2021 | Articles, Celebrity Estates, Financial

This month marks the 140th birthday of Pablo Picasso, a legendary artist with about 45,000 works attributed to his name, not to mention his millions of dollars in cash, gold, bonds, and stocks. Years of family drama have ensued after his death. Why, you ask?...

With Tax Laws in Flux: What Should You Do Now?

by Trust Counsel | Oct 10, 2021 | Articles, Estate Tax

On September 13, 2021, Democrats in the House of Representatives released a new $3.5 trillion proposed spending plan that includes a wide array of changes to federal tax laws. Specifically, the Democrats proposed a number of significant tax increases and other changes...

House Democrats Propose Sweeping New Changes To Tax Laws That Stand To Have Major Impact On Estate Planning—Part 1

by Trust Counsel | Oct 1, 2021 | Articles, Estate Tax

On September 13, 2021, Democrats in the House of Representatives released a new $3.5 trillion proposed spending plan that includes a wide array of changes to federal tax laws. Specifically, the Democrats have proposed a number of significant tax increases and other...

A Not-So-Happy Accident: Bob Ross’s Estate Planning Failures Leave His Son With Next to Nothing—Part 2

by Trust Counsel | Sep 24, 2021 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Family, Financial, Probate, Trusts, Wills

As the host of the wildly popular The Joy of Painting TV series on PBS, Bob Ross became a pop-culture icon, who was equally famous for his giant head of hair, soothing baritone voice, and folksy demeanor as he was for his iconic landscape paintings. And like so many...