3 Reasons Why Transferring Ownership Of Your Home To Your Child Is A Bad Idea

by Trust Counsel | Apr 24, 2022 | Articles, Asset Protection, Family

Whether it’s to qualify for Medicaid, avoid probate, or reduce your tax burden, transferring ownership of your home to your adult child during your lifetime may seem like a smart move. But in nearly all cases, it’s actually a huge mistake, which can lead to dire...

Does Your Family Need Umbrella Insurance?

by Trust Counsel | Apr 10, 2022 | Articles, Asset Protection, Family, Financial, Probate

In today’s highly litigious society you are at near-constant risk for costly lawsuits—even if you’ve done nothing wrong. This is especially true if you have substantial wealth, but even those with relatively few assets can find themselves in court facing a potentially...

7 Last-Minute Moves To Save On Your Taxes For 2021

by Trust Counsel | Mar 27, 2022 | Articles, Asset Protection, Estate Tax

Although many strategies to save on your income taxes must be locked in before the end of the year, there are still numerous ways you can reduce your tax bill right up until the filing deadline, which has been pushed back to Monday April 18th due to a holiday on April...

Probate: What It Is & How To Avoid It—Part 2

by Trust Counsel | Mar 20, 2022 | Articles, Probate, Trusts, Wills

Unless you’ve created an estate plan that works to keep your family out of court, when you die (or become incapacitated) many of your assets must go through probate before those assets can be distributed to your heirs. Like most court proceedings, probate can be...

Probate: What It Is & How To Avoid It—Part 1

by Trust Counsel | Mar 13, 2022 | Articles, Asset Protection, Financial, Probate, Trusts, Wills

Unless you’ve created a proper estate plan, when you die many of your assets must first pass through the court process known as probate before those assets can be distributed to your heirs. Like most court proceedings, probate can be time-consuming, costly, and open...

Protect Your Home, Family, & Assets From The Growing Threat Of Natural Disasters

by Trust Counsel | Mar 4, 2022 | Articles, Asset Protection, Estate Planning, Family, Inheritance

Over just the last two years, we’ve seen historic levels of damage caused by natural disasters in the U.S. From blizzards in Texas and wildfires in California to hurricanes in Louisiana and tornados in the Midwest, few regions of the country are immune to such...