by Trust Counsel | Jul 8, 2022 | Articles, Asset Protection, Business/ Corporate Law, Estate Planning, Family, Inheritance, Trusts, Wills
If you’re looking to collect life insurance proceeds as the policy’s beneficiary, the process is fairly simple. However, during the emotional period immediately following a loved one’s death, it can feel as if your entire world is falling apart, so it’s helpful...
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...
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...
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...
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...
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...
