James Dean Back from the Dead to Star in a New Movie

by Trust Counsel | Jan 2, 2020 | Articles, Estate Planning, Estate Tax, Family, High Net Worth, Inheritance, Trusts, Wills

There are many good reasons to create an estate plan early in life. But not very many people do. Statistics show that most American adults – about 55% – don’t even have a signed Will, much less an estate plan; most of these folks are young. There are all kinds...

4 Year-End Tax-Saving Strategies for 2019

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...

Leona Helmsley and Her Millionaire Dog?

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...

Where There’s a Will, There Isn’t Always an Estate Plan

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....

3 Estate Planning Concerns For Married, Same-Gender Couples

by Trust Counsel | Sep 6, 2019 | Articles, Estate Planning, Estate Tax, Family, Financial

Now that same-gender couples can legally marry in all 50 states, more Americans than ever before are enjoying the rights and benefits that come with marriage. Estate planning, in particular, is one arena where these new rights and benefits are readily apparent. With...

Tennis prodigy Coco Gauff ́s most challenging opponent…taxes!

by Trust Counsel | Sep 5, 2019 | Articles, Estate Planning, Estate Tax

The Complex Taxation of International Child Sports Stars Every child star who makes it big in sports must also face one of the least talked-about challenges there is – the complex rules of international taxation. The world watched in awe this year as Cori “Coco”...