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—2

by Trust Counsel | Dec 19, 2022 | Articles, Estate Planning, Family, Incapacity, Intellectual Property, Trusts, Wills

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,...

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...

How Estate Planning Can Reduce The High Cost Of Dying—Part 2

by Trust Counsel | Jul 22, 2022 | Articles, Asset Protection, Estate Planning, Family, Financial, Trusts, Wills

Despite the fact that it happens to every single one of us and is as every bit as natural as birth, very few among us are properly prepared for death—whether our own death or the death of a loved one.  Yet the pandemic might be changing this. According to Census...

What You Need to Know About Collecting Life Insurance Proceeds

by Trust Counsel | Jul 8, 2022 | Articles, Asset Protection, Business/ Corporate Law, Estate Planning, Family, Inheritance, Trusts, Wills

If you’re looking to collect life insurance proceeds as the policy’s beneficiary, the process is fairly simple. However, during the emotional period immediately following a loved one’s death, it can feel as if your entire world is falling apart, so it’s helpful...