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...
by Trust Counsel | Feb 5, 2024 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Family, Inheritance, Trusts, Wills
Let’s Get Ready to Moonwalk Through the Interestingly Complicated and Equally Electrifying Estate Planning Case of the One and Only King of Pop, Michael Jackson From IRS battles to abuse allegations, this courtroom concert played a tune of intricacy and...
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...
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...
