4 Things Trusts Can Do That Wills Can’t

by Trust Counsel | Jan 24, 2020 | Articles, Asset Protection, Estate Planning, Trusts, Wills

Both wills and trusts are estate planning documents that can be used to pass your wealth and property to your loved ones upon your death. However, trusts come with some distinct advantages over wills that you should consider when creating your plan. That said, when...

The SECURE Act’s Impact On Estate and Retirement Planning — Part 2

by Trust Counsel | Jan 17, 2020 | Articles, Asset Protection, Estate Planning, Family, Financial, Inheritance, Trusts, Wills

  In the first part of this series, we discussed the potential ramifications the SECURE ACT has for your estate and retirement planning. Here, we’ll look more deeply into additional strategies you may want to consider in light of the new legislation. To see the...

The Tax Cut & Jobs Act Drastically Alters the Tax Consequences of Divorce

by Trust Counsel | Jan 10, 2020 | Articles, Asset Protection, Estate Planning, Estate Tax, Inheritance, Trusts, Wills

The Tax Cuts & Jobs Act (TCJA) made sweeping changes to exemptions, deductions, and credits for your family’s federal income taxes. But one major change that you might not have noticed is the way the law altered the potential tax consequences of divorce. Unlike...

James Dean Back from the Dead to Star in a New Movie

by Trust Counsel | Jan 2, 2020 | Articles, Estate Planning, Estate Tax, Family, High Net Worth, Inheritance, Trusts, Wills

There are many good reasons to create an estate plan early in life. But not very many people do. Statistics show that most American adults – about 55% – don’t even have a signed Will, much less an estate plan; most of these folks are young. There are all kinds...

2 Big Reasons You Need to Discuss Estate Planning With Your Ex

by Trust Counsel | Dec 20, 2019 | Articles, Asset Protection, Estate Planning, Family, Inheritance, Trusts, Videos, Wills

Estate planning isn’t only for the rich! Without a plan in place, there could be a long-lasting impact on your loved ones, even if you don’t have a pricey home, large IRA or valuable art to pass on. Not convinced that estate planning is necessary and important?...

Q&A Tuesday – Estate Planning for your young children

by Leslie Marenco | Dec 20, 2019 | Asset Protection, Estate Planning, Family, Guardianship, Inheritance, Videos, Wills

  When you’re doing your Estate Planning, you may come across this very frequent question: How much money should I leave my young children? This is a very personal decision you should take along with your attorney and before you do so, you may want to...