by Trust Counsel | Aug 2, 2019 | Articles, Asset Protection, Estate Planning, Estate Tax, Family, Financial, Inheritance, Trusts, Wills
This is the third 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 encounter with clients. If the series exposes any potential gaps...
by Trust Counsel | Jul 25, 2019 | Articles, Asset Protection, Celebrity Estates, Estate Planning, Estate Tax, Family, Financial, Trusts, Wills
The sudden death of a loved one is always a tragedy. But when someone with a large estate passes away unexpectedly, that tragedy may be compounded by a lengthy and unpleasant probate process. Such deaths are a poignant reminder of the importance of careful estate...
by Trust Counsel | Jun 27, 2019 | Articles, Celebrity Estates, Estate Planning, Estate Tax, Inheritance, Trusts
Gloria Vanderbilt, railroad heiress and fashion icon of her own right, passed away last week at the age of 95. Though her Will has not been made public yet, the question of who will inherit her estate, which is estimated to be about $200 million, has been drawing...
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 18, 2019 | Articles, Asset Protection, Estate Planning, Family, Trusts, Wills
If you’re an animal lover and have a pet of your own, you likely consider your pet to be a member of the family. And since your furry friends can provide protection, emotional support, and unconditional love, such consideration is often well deserved. In stark...
