by Trust Counsel | May 10, 2019 | Articles, Financial, Scams
3 Warning Signs of a Financial Scam Nobody likes to admit they’ve fallen for a financial scam, but the fact is, it’s easier than ever to get caught up in one. This is especially true in today’s all-digital world, where practically every shred of data related to your...
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 | Jan 24, 2019 | Articles, Celebrity Estates, Estate Planning, Financial, Probate, Trusts, Wills
By now, I am sure you have grown accustom to hearing about celebrity faux pas when it comes to estate planning. The latest celebrity in this ever-growing list is the late electronic dance music (“EDC”) phenom, Avicii, who passed away last April at only 28 years old...
by Trust Counsel | Jan 10, 2019 | Articles, Estate Tax, Financial
Despite the complexity of tax rules, taxpayers may still engage in certain strategies to reduce their tax liability. Thus, engaging in tax planning to evaluate several tax options regarding someone’s business or personal transactions make good sense. Yet, tax...
