by Trust Counsel | Nov 1, 2019 | Articles, Asset Protection, Business Succession, Business/ Corporate Law, Estate Planning, Estate Tax, Family, Income Tax, Trusts
As we head towards the end of the year, we’re fast approaching the deadline to implement your family’s tax strategies for 2019. The Tax Cut and Jobs Act (TCJA) completely overhauled the tax code, and if you’ve yet to take full advantage of the benefits offered by the...
by Trust Counsel | Oct 31, 2019 | Articles, Asset Protection, Business Succession, Business/ Corporate Law, Celebrity Estates, Estate Planning, Estate Tax
When Leona Helmsley died, she left her pet Maltese, named Trouble, a trust fund valued at $12 million dollars. That made Trouble the third wealthiest dog in the world at the time (the top spot goes to Gunther III, Countess Karlotta Libenstein’s German Shepherd, who...
by Trust Counsel | Oct 4, 2019 | Articles, Asset Protection, Estate Planning, Family, Wills
When you think about those 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 it...
by Trust Counsel | Oct 3, 2019 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Family, High Net Worth, Inheritance, Wills
The last will and trust of late Cubs Hall of Famer Ernie Banks is going back to court, adding a new chapter to the story of who ultimately inherits Banks’ estate. It seems that Banks’ estranged wife, Elizabeth, simply cannot accept the terms of the will Banks signed...
by Trust Counsel | Sep 27, 2019 | Articles, Asset Protection, Estate Planning, Family, Incapacity, Retirement
In the first part of this article we discussed how some professional adult guardians have used their powers to abuse the seniors placed under their care (https://trustcounsel.com/2019/09/use-estate-planning-to-avoid-adult-guardianship-and-elder-abuse/). In this...
by Trust Counsel | Sep 19, 2019 | Articles, Asset Protection, Business Succession, Estate Planning, Estate Tax, Family, High Net Worth, Trusts, Wills
Have you ever heard the saying “Where there’s a will, there’s a way”? Well, for millions of Americans the fact is that where there’s a will, there isn’t always an estate plan. Ask anyone if their estate plan is up-to-date, and you might get a lot of different answers....
