10 Common Estate Planning Mistakes Your Family Can’t Afford to Make—Part 1

by Trust Counsel | May 11, 2022 | Articles, Estate Planning

Because estate planning involves actively thinking about and planning for frightening topics like death, old age, and crippling disability, many people put it off or simply ignore it altogether until it’s too late. Sadly, this unwillingness to face reality often...

How Creating A Life & Legacy Plan With Us Creates And Preserves Your Family’s Legacy

by Trust Counsel | Apr 29, 2022 | Articles, Asset Protection, Family, Financial

When you think about loved ones who’ve passed away, you probably don’t think very much—or even at all—about the “things” they’ve left you. And when they do leave something behind, what you likely cherish most about the object are the memories and feelings the item...

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...