by Trust Counsel | May 28, 2025 | Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Probate
In October of 2024, music star and former One Direction Member, Liam Payne, died tragically at the age of 31 after falling off of a balcony in Argentina. His death, which made headlines for its sudden and tragic nature, was also heavily followed, not just because...
by Trust Counsel | Apr 25, 2025 | Articles, Estate Tax
Have you ever worked your entire life to build something valuable, only to worry about a significant portion being taken away after your death, and before it gets to the people you love? That’s the reality many American families face when thinking about the...
by Trust Counsel | Feb 6, 2025 | Articles, Estate Tax
One of the biggest benefits of living in Florida is the Homestead Exemption, which reduces the taxable value of your primary residence. Recent legislative changes have enhanced the Homestead Exemption, further bringing down yearly property taxes for Florida...
by Trust Counsel | Dec 30, 2024 | Articles, Estate Tax
While high inflation is generally bad for the economy, the upside is that various tax figures adjust upwards for inflation on an annual (or other) basis. Because fairly high inflation continued during 2024, we reap the rewards of higher-than-normal increases in...
by Trust Counsel | Jul 31, 2024 | Articles, Estate Planning, Estate Tax, Inheritance, IRS, Trusts, Wills
Estate planning is a critical component of financial security, yet it often involves navigating a maze of tax regulations and legal considerations. One recent change in IRS regulations has significant implications for those using irrevocable trusts as part of their...
by Trust Counsel | Apr 12, 2024 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial
When that extra bit of money from your tax refund lands in your bank account, (kinda feels like Christmas, doesn’t it?) it’s easy to start dreaming about all the ways you can use it. Financial experts may tell you that it’s a chance to pay off debts, tuck...