by Trust Counsel | May 17, 2019 | Articles, Family, Incapacity
The Real Cost To Your Family: Not Planning For Incapacity This is the first in an ongoing series of our articles discussing the true costs and consequences of failed estate planning. The series highlights a few of the most common—and costly—planning mistakes we...
by Trust Counsel | May 2, 2019 | Articles, Family
In 2008, Britney Spears was placed under the guardianship of her father, Jamie Spears, and attorney, Andrew M. Wallet, after addiction and mental illness sent her spiraling out of control. To this day, the guardianship remains in place. And now, rumor has it that...
by Trust Counsel | Mar 8, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial
Even if you put a totally solid estate plan in place, it can end up proving worthless if it’s not properly updated. Estate planning is not a one-and-done type of deal: It should continuously evolve along with your life circumstances. No matter who you are, your life...
by Trust Counsel | Mar 1, 2019 | Articles, Asset Protection, Family, Financial
Unlike most of your assets, individual retirement accounts (IRAs) do not pass to your family through a will. Instead, upon your death, your IRA will pass directly to the people you named via your IRA beneficiary designation form. Unless you take extra steps, the named...
by Trust Counsel | Feb 22, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial, Trusts, Wills
The recent death of the CEO of QuadrigaCX, a major cryptocurrency exchange in Canada, demonstrates a basic, yet often-overlooked, tenet of effective estate planning: In the event of your incapacity or death, if your heirs don’t know how to find or access your assets,...
by Trust Counsel | Feb 15, 2019 | Articles, Estate Planning, Family
In the first part of this series, we discussed how today’s children are increasingly influenced more by their peers than their parents. In today’s society, the once-unbreakable bond between parent and child is being increasingly eroded. This disconnect is wreaking...
