Tom c/o Wealth Counsel
What Happens to My Leased Car If I Die Before the Lease Term Ends?
After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased...
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Tom c/o Wealth Counsel
Oct 6, 20235 min read
Collecting Debts on Behalf of Your Deceased Loved One
People often engage in transactions that result in money being owed to them, such as loaning money to a friend or business partner or...
34 views
Tom c/o Wealth Counsel
Sep 22, 20235 min read
Four Things Your Spouse Should Know Before You Die
It is normal for married couples to share almost every aspect of their lives with each other. But when it comes to death, even the...
99 views
Tom c/o Wealth Counsel
Aug 25, 20234 min read
Bills and Services to Cancel—and Keep—When a Loved One Dies
A loved one’s passing is challenging on many different levels. In addition to the emotional difficulty of processing someone’s death,...
43 views
Tom c/o Wealth Counsel
Aug 11, 20234 min read
Transfer on Death vs. Payable on Death Designation
Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that...
114 views
Tom c/o Wealth Counsel
Jul 28, 20234 min read
What Not to Include in Your Estate Planning Documents
One important purpose of estate planning is to facilitate the transfer of ownership of your money and property to your family and loved...
100 views
Tom c/o Wealth Counsel
Jul 14, 20233 min read
Important Concerns Self-Employed Individuals Should Address
small business owners need to protect their future
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Tom c/o Wealth Counsel
Jun 30, 20236 min read
Nervous to Talk About Money?
Studies[1] have shown that the largest contributing factors to generational loss of wealth are a lack of communication and trust among...
32 views
Tom c/o Wealth Counsel
Jun 16, 20236 min read
Settling the Estate of a Book Lover? Think Twice Before You Throw Them Out
An individual’s belongings—such as jewelry, furniture, photographs, and books—sometimes slip through the cracks of their estate plan....
88 views
Tom c/o Wealth Counsel
Jun 2, 20235 min read
Why Can’t We Have a Joint Trust If We Are Not Married?
Joint trusts are beneficial for many married couples, especially if they have a stable relationship, do not have many creditors, and do...
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Tom c/o Wealth Counsel
May 19, 20235 min read
Are You Single with a Minor Child? If So, You Need a Plan
You have a minor child who depends on you for their survival, so you need to make sure that they will be cared for if you are ever unable...
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Tom c/o Wealth Counsel
Apr 21, 20235 min read
Why Deathbed Planning Might Give You Additional Grief
None of us likes to think about our own death or enjoys planning for that occasion. However, if you do not create an estate plan or fail...
42 views
Tom c/o Wealth Counsel
Apr 6, 20235 min read
Four Important Considerations If You Win the Lottery
On February 14, 2023, California state lottery officials named the winner of the largest lottery prize in United States history: Edwin...
38 views
Tom c/o Wealth Counsel
Mar 10, 20235 min read
Ways Your Will Can Be Revoked
A will (which should be accompanied by other important documents such as healthcare and financial powers of attorney, as well as an...
49 views
Tom c/o Wealth Counsel
Feb 24, 20234 min read
Have You Thought Through Your Retirement Plans?
Beginning your retirement is a great milestone that is worth celebrating. You have put in many years of hard work, and you are now able...
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Tom c/o Wealth Counsel
Feb 17, 20235 min read
Trust Funding: Is Everything Titled Correctly?
Working with an attorney to draft a trust agreement for estate planning purposes is an important step. But just getting the document...
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Tom c/o Wealth Counsel
Feb 10, 20235 min read
Why the Knives May Come Out at Death
The box office success of the 2019 murder mystery Knives Out led to franchise status, with Glass Onion, the first sequel, released in...
103 views
Tom c/o Wealth Counsel
Jan 27, 20235 min read
What Is the Effect of an Unrecorded Deed?
A deed is a legal document used to transfer real property ownership rights from one person or entity (the grantor) to another (the...
79 views
Tom c/o Wealth Counsel
Jan 13, 20236 min read
Estate Planning Issues for the Modern Family
As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family....
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Tom c/o Wealth Counsel
Dec 16, 20224 min read
Important Milestones You Can Incorporate in Your Estate Plan
Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty...
77 views
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