by Trust Counsel | Mar 8, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial
Even if you put a totally solid estate plan in place, it can end up proving worthless if it’s not properly updated. Estate planning is not a one-and-done type of deal: It should continuously evolve along with your life circumstances. No matter who you are, your life...
by Trust Counsel | Mar 1, 2019 | Articles, Asset Protection, Family, Financial
Unlike most of your assets, individual retirement accounts (IRAs) do not pass to your family through a will. Instead, upon your death, your IRA will pass directly to the people you named via your IRA beneficiary designation form. Unless you take extra steps, the named...
by Trust Counsel | Feb 22, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial, Trusts, Wills
The recent death of the CEO of QuadrigaCX, a major cryptocurrency exchange in Canada, demonstrates a basic, yet often-overlooked, tenet of effective estate planning: In the event of your incapacity or death, if your heirs don’t know how to find or access your assets,...
by Trust Counsel | Feb 21, 2019 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax
In honor of Presidents’ Day, it seemed most fitting to feature two of our most famous presidents and their estate plans (or lack thereof): George Washington and Abraham Lincoln. Our nation’s first president, George Washington, died on December 14, 1799. Less than six...
by Trust Counsel | Jan 18, 2019 | Articles, Asset Protection, Estate Planning, Family, Trusts, Wills
If you’re an animal lover and have a pet of your own, you likely consider your pet to be a member of the family. And since your furry friends can provide protection, emotional support, and unconditional love, such consideration is often well deserved. In stark...
by Trust Counsel | Dec 14, 2018 | Articles, Asset Protection, Estate Planning, Financial, Trusts, Wills
In the first part of this series, we discussed the importance of including your digital assets in your estate plan. Here, we’ll talk about the best ways to get started with this process. Today, estate planning encompasses not just tangible property like finances and...
