Tom c/o Wealth Counsel
Have You Checked Your Beneficiary Designations Lately?
You regularly check the balances of your retirement, bank, and investment accounts. But when was the last time you checked the...
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Tom c/o Wealth Counsel
Nov 153 min read
Caution: Using a DIY Deed to Avoid Probate Can Lead to Unintended Consequences
Deeds are legal documents that must comply with state law to be valid.
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Tom c/o Wealth Counsel
Oct 186 min read
Left Out of Your Parent’s Estate Plan?
Research shows a growing disconnect between how much children expect to receive and how much their parents plan on leaving them
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Tom c/o Wealth Counsel
Oct 44 min read
How to Choose the Initial Trustee of Your Trust
When you establish a trust, you nominate someone to be the trustee. If you are creating a revocable living trust, you will likely be the...
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Tom c/o Wealth Counsel
Sep 204 min read
The Perils of Joint Property
Joint ownership has the potential to cause disastrous unintended consequences and complications you did not intend.
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Tom c/o Wealth Counsel
Sep 124 min read
Won’t My Spouse and Kids Inherit Everything When I Die?
You may think that if you die while you are married, everything you own will automatically go to your spouse and children. But you are...
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Tom c/o Wealth Counsel
Aug 234 min read
What Conditions Can I Put on My Child’s Inheritance?
You have two primary options for leaving an inheritance to a child. The most straightforward is to give it to them in a single lump sum,...
12 views
Tom c/o Wealth Counsel
Jul 265 min read
Estate Planning Is About Knowing Your Priorities
Thinking about the world and how our loved ones will fare after we pass away can be very difficult. Although we all know that we will...
154 views
Tom c/o Wealth Counsel
Jul 126 min read
Planning for an Addicted Loved One
It has been said that the only thing harder than being an addict is loving one. It can be particularly difficult for a parent to bring a...
18 views
Tom c/o Wealth Counsel
Jun 143 min read
What Is Next for Your Estate Plan?
Having an estate plan is a great way to ensure you and your loved ones are protected today and in the future. When creating an estate...
31 views
Tom c/o Wealth Counsel
May 313 min read
What Can I Not Do as Trustmaker and Trustee of a Revocable Trust?
Wills and living trusts are two of the most fundamental estate planning documents. While both accomplish the same primary objective in an...
72 views
Tom c/o Wealth Counsel
May 203 min read
Will your Family Battle Over your Estate?
Most families are happy families. They get together for the holidays, share laughs, and tell stories. Everyone gets along and enjoys each...
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Tom c/o Wealth Counsel
May 177 min read
What Happens to An Adult Child Living at Home When Their Parents Pass Away?
Today more young adults are living at home with their parents than at any time since the 1940s. While there are many different opinions...
21 views
Tom c/o Wealth Counsel
May 34 min read
Intrafamily Loans and How They Work
An intrafamily loan is a financial arrangement between family members—one who is lending and another who is borrowing. An intrafamily...
32 views
Tom c/o Wealth Counsel
Mar 154 min read
What TV and Movies Get Wrong about Settling an Estate
While television and movies provide great entertainment, they are not always factual. Even shows based on real events are not entirely...
37 views
Tom c/o Wealth Counsel
Feb 235 min read
What Happens to Real Estate With a Mortgage When I Die?
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to...
38 views
Tom c/o Wealth Counsel
Jan 265 min read
Celebrating International LEGO Day
Mark your calendars: January 28 is International LEGO day, which celebrates the date when the patent for the globally famous plastic...
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Tom c/o Wealth Counsel
Jan 122 min read
I'm a Survivor . . . and Now I Have My Own Trust?
Many married couples share almost everything, including finances. This may be reflected in their estate plan by using one joint living...
83 views
Tom c/o Wealth Counsel
Dec 15, 20235 min read
Should You Share Your Estate Planning Details With Loved Ones?
When you decide to create a comprehensive estate plan, there are many things to consider. One is whether to tell your loved ones about...
56 views
Tom c/o Wealth Counsel
Nov 16, 20235 min read
Reviewing Your Estate Plan after the Death of a Loved One
The death of a loved one is never easy. Regardless of your relationship with the deceased (blood relative, life partner, or close...
39 views
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