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...
by Trust Counsel | May 13, 2020 | Articles, Celebrity Estates, Estate Planning, Estate Tax, Financial
Rising to fame in the founding decades of rock and roll, the story of Little Richard is a true rags-to-riches tale. Little Richard went from washing dishes for a living to a world-famous celebrity, inspiring millions of fans and generations of future musicians and...
by Trust Counsel | May 4, 2020 | Articles, Estate Tax, Family, Health Care Directive
In a previous article, we shared steps to understanding your parents’ estate planning and the nature of their assets, as well as how to ensure you’re not left with a mess when something happens to them. Today, we want to focus on one of the major risks of not being...
by Trust Counsel | May 1, 2020 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Trusts, Wills
Anderson Cooper announced the birth of his son, Wyatt, Thursday evening on his show and in a lengthy Instagram post. His son was born on Monday via a surrogate and is named after his father who died when Cooper was 10. Cooper said he regretted that his parents and...
by Trust Counsel | Apr 22, 2020 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Family, Trusts, Wills
We initially wrote a piece on Kobe on our blog – you can check it out here: https://trustcounsel.com/2020/02/nba-superstar-kobe-bryants-estate-plan/ Honestly, I did not follow Kobe Bryant during his lifetime. I knew of him and knew of his career but nothing more than...