by Trust Counsel | Jul 27, 2020 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial
If you’re counting down the days to your wedding, divorce is probably the last thing you and your fiancé want to be thinking about, and yet you might be rightfully concerned about what would happen to your assets in the event of a divorce—or your death. You may also...
by Trust Counsel | Jul 13, 2020 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial, Inheritance, Trusts, Wills
When Chanel’s creative director Karl Lagerfeld passed away in 2019, rumors went wild about who would inherit his $270 million estate. Many of those rumors claimed that he wanted his Birman cat, Choupette, to get it all. A year later, we’re still waiting to get the...
by Trust Counsel | Jul 8, 2020 | Articles, Asset Protection, Business Succession, Estate Planning, Estate Tax, Family, Financial, Trusts, Wills
In January, we reported how the deaths of NBA legend Kobe Bryant (Kobe) and his 13-year-old daughter, Brianna, in a helicopter crash demonstrated the vital need for estate planning for people of all ages. At the time, little was known about the planning strategies...
by Trust Counsel | Jun 30, 2020 | Articles, Asset Protection, Business Succession, Estate Planning, Estate Tax
It’s been fourteen years since the world mourned the loss of music icon James Brown, the Godfather of Soul. Yet all this time, his estate has been mired in litigation. But thanks to a new court ruling, that could finally be coming to an end. The problem isn’t that...
by Trust Counsel | Jun 26, 2020 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Trusts, Wills
If you have a blended family and do not plan for what happens to your assets in the event of your incapacity or eventual death, you are almost certainly guaranteeing hurt feelings, conflict, and maybe even a long, drawn out court battle. So let’s start with clarity...
by Trust Counsel | Jun 19, 2020 | Articles, Asset Protection, Estate Planning, Estate Tax, Trusts, Wills
Many people come to us curious (or confused) about trusts and taxes. So today’s article is going to sort it out and clarify things for you. There are two types of trusts, and each have different tax consequences. Revocable trusts, which are the far more commonly used...
