Revocable Living Trust Or Irrevocable Trust: Which One Is Right For You?

by Trust Counsel | May 3, 2023 | Articles, Asset Protection, Estate Planning, Financial, Inheritance, Trusts, Uncategorized, Wills

You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death or incapacity. And, if you haven’t, you are hearing it now. If you own any “probatable” assets in your name at the time of your incapacity or...

4 Actions To Take If Your Business Is Facing A Lawsuit

by Trust Counsel | May 3, 2023 | Articles, Asset Protection, Estate Planning, Family, Financial, Incapacity, Inheritance, Intellectual Property, Trusts, Wills

If your business gets hit with a lawsuit, it can be a traumatic and costly experience. Unfortunately, in today’s highly litigious society, lawsuits are far-too common, with up to 53% of all small businesses in the U.S. sued each year, according to the Small Business...

How To Manage Your Digital Accounts After Your Death—Part 1

by Trust Counsel | Nov 8, 2022 | Articles, Asset Protection, Business Succession, Case Law, Family, Financial, Health Care Directive, Income Tax, Retirement, Uncategorized

If you have preferences about what happens to your digital footprint after your death, you need to take action. Otherwise, your online legacy will be determined for you—and not by you. If you have any online accounts, such as Gmail, Facebook, Instagram, LinkedIn,...

Selling Real Estate Or A Business? Avoid Capital Gains Tax With A Charitable Remainder Trust

by Trust Counsel | Sep 9, 2022 | Articles, Asset Protection, Business Succession, Business/ Corporate Law, Estate Planning, Estate Tax, Family, Financial, Income Tax, Real Property / Real Estate

If you have a sale of real estate or assets coming up that will result in you owing capital gains tax, you may want to give us a call to discuss whether to set up a Charitable Remainder Trust (CRT) first. Think of it this way: would you rather pay taxes and send your...

Protect Your Aging Loved Ones From Undue Influence

by Trust Counsel | Sep 2, 2022 | Articles, Asset Protection, Estate Planning, Family, Financial

Following the death of a loved one, close family members are sometimes surprised to learn that they didn’t receive the inheritance they were expecting, and that the deceased instead left most of their estate to an individual they only recently met, who wasn’t even a...

What Your Last Will & Testament Will (And Will Not) Do—Part 2

by Trust Counsel | Aug 26, 2022 | Articles, Asset Protection, Estate Planning, Family, Financial, Inheritance, Real Property / Real Estate, Trusts, Wills

August is “National Make-A-Will Month,” and if you have already prepared your will, congratulations—too few Americans have taken this key first step in the estate planning process. In fact, only 33% of Americans have created their will, according to Caring.com’s 2022...