How to Pass Down Your Family Wealth Legacy During The Holidays

by Trust Counsel | Dec 17, 2021 | Articles, Asset Protection, Business Succession, Estate Planning, Estate Tax, Family, Trusts, Wills

As you likely already know, but may not have given much thought about, the most important inheritance you provide is so much more than the money you’ll leave behind, but also includes your values, insights, stories, and experience. And, while those things are being...

Why You Need a Trust – Even if You Aren’t Rich

by Trust Counsel | Oct 15, 2021 | Articles, Asset Protection, Estate Planning, Trusts

When you hear the words, “trust fund,” do you conjure up images of stately mansions and party yachts? A trust fund – or trust – is actually a great estate planning tool for many people with a wide range of incomes who want to accomplish a specific purpose...

A Not-So-Happy Accident: Bob Ross’s Estate Planning Failures Leave His Son With Next to Nothing—Part 2

by Trust Counsel | Sep 24, 2021 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Family, Financial, Probate, Trusts, Wills

As the host of the wildly popular The Joy of Painting TV series on PBS, Bob Ross became a pop-culture icon, who was equally famous for his giant head of hair, soothing baritone voice, and folksy demeanor as he was for his iconic landscape paintings. And like so many...

Estate Planning Must-Haves For Single Parents

by Trust Counsel | Sep 10, 2021 | Articles, Asset Protection, Estate Planning, Family, Financial, Kids Protection Planning, Trusts, Wills

If you are a single parent, life for you right now probably couldn’t get any busier. You are likely being pulled between work, school activities, and home – and the inevitable emergencies that fill the lives of single parents everywhere. Being a single parent is...

Bob Ross’ Estate: Happy Little Accident or a Big, Ugly Mess?

by Trust Counsel | Sep 9, 2021 | Articles, Asset Protection, Estate Planning, Family, Financial, Trusts, Wills

For all of us over the age of 35, Bob Ross’ name instantly conjures an image in our minds: the familiar mellow voice, the big afro, and the scenic paintings. For years, Bob Ross taught us about The Joy of Painting, as he calmly declared that there “were no mistakes in...

Estate Planning 101: Wills vs. Trusts

by Trust Counsel | Aug 27, 2021 | Articles, Asset Protection, Estate Planning, Family, Financial, Trusts, Wills

Wills and trusts are two of the most commonly used estate planning documents, and they form the foundation of most estate plans. While both documents are legal vehicles designed to distribute your assets to your loved ones upon your death, the way in which they work...