Estate Planning - Estate Planning & Probate Attorneys

The Melting Legacy: The Icy Feuds and Creamy Conspiracies of Tom Carvel’s Ice Cream Empire

by Trust Counsel | Jan 8, 2024 | Articles, Asset Protection, Business Succession, Celebrity Estates, Estate Planning, Estate Tax, Probate, Retirement

Tom Carvel, the father of soft-serve ice cream, provided us with generations of creamy, ice-cold delights while also being the mastermind behind the franchise system in the United States. It all started back in 1934 when Tom’s ice cream truck got a flat tire on...

Bruce Willis Sells $65M In Property and Life with Frontotemporal Dementia

by Trust Counsel | Jan 8, 2024 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Health Care Directive, Real Property / Real Estate, Retirement

Strategic Real Estate Shifts: Preparing for Life’s Changes In anticipation of his health decline, Bruce Willis strategically offloaded nearly $65 million worth of luxury properties, a move that insiders say reflects a deliberate preparation for a shift in...

JEFFREY EPSTEIN’S ESTATE – 3 LEGAL ISSUES LEFT TO BE DECIDED

by Trust Counsel | Jan 5, 2024 | Articles, Asset Protection, Business Succession, Celebrity Estates, Estate Planning, Trusts, Wills

Jeffrey Epstein’s signing of a Will two days before his suicide leaves many legal issues that I hypothesize will take more than a decade to decide. By creating a “pour-over Will” into a trust he created, we know that he has planned for privacy regarding who are his...

Have Unused 529 College Savings? Roll Them Into a Roth in 2024

by Trust Counsel | Jan 5, 2024 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial

In December 2022, Congress passed the SECURE 2.0 Act, bringing significant changes to the world of retirement savings and student loans. Two key parts of the Secure 2.0 Act are set to take effect in 2024, and they could substantially impact your family’s...

Transition to Adulthood: What Happens When My Child Turns 18

by Trust Counsel | Nov 3, 2023 | Articles, Asset Protection, Business/ Corporate Law, Case Law, Estate Planning, Estate Tax, Family, Financial, Gift Tax, Guardianship, Income Tax, IRS, Newsletters, Trusts, Uncategorized, Wills

This week we explore what happens legally when your child turns 18, what it means for your ability to make legal, financial and healthcare decisions on their behalf, and what tools you’ll need for a smooth transition to adulthood. Read more… Transition to Adulthood:...

LIFT Year-End Tax Tactics: Strategies to Lower Your 2023 Business Tax Bill – Part 2

by Trust Counsel | Oct 27, 2023 | Articles, Estate Planning, Estate Tax, Financial, Income Tax, IRS

Year-End Tax Tactics: Strategies to Lower Your 2023 Business Tax Bill – Part 2 Last week we looked at four methods you can use to save money on your 2023 business tax return: -Make large purchases for your business before December 31 -Defer business income until...