Tom c/o Wealth Counsel
The Pros and Cons of Probate
In estate planning circles, the word “probate” often carries a negative connotation. Indeed, for many people—especially those with...
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Tom c/o Wealth Counsel
Nov 18, 20225 min read
Is a Defect a Good Thing? Intentionally Defective Grantor Trusts in Estate Planning
The notion that your estate plan contains a defect would not normally be welcomed as good news. But despite the moniker, an intentionally...
13 views
Tom c/o Wealth Counsel
Nov 4, 20226 min read
Legal Perils of Gifts and Joint Ownership between Unmarried Couples
Cohabitation without marriage is becoming more common in the United States. Among eighteen- to forty-four-year-olds, the percentage of...
46 views
Tom c/o Wealth Counsel
Oct 21, 20223 min read
Will Our Child Have to Handle Multiple Trusts after Our Deaths?
When a married couple creates an estate plan using a revocable living trust, they have the option of creating a single joint trust or two...
33 views
Tom c/o Wealth Counsel
Oct 9, 20223 min read
Three Reasons to Avoid Probate
When you pass away, your family may need to sign certain documents as part of a probate process in order to claim their inheritance. This...
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Tom c/o Wealth Counsel
Sep 23, 20224 min read
A Trust to Protect Your Home and Your Loved Ones
Estate planning is about protecting you and your loved ones. Sometimes this can be a difficult endeavor when there is a loved one who may...
35 views
Tom c/o Wealth Counsel
Sep 9, 20224 min read
Be Aware When Administering a Hoarder's Estate
Hoarding is more than just being a bit messy (or buying a six-month supply of toilet paper): It is actually a mental disorder causing...
414 views
Tom c/o Wealth Counsel
Aug 26, 20225 min read
Make Sure You’re Not Missing These Important Points
Roughly two-thirds of Americans do not have an estate plan, according to a recent survey from Caring.com.[1] If you are among the...
226 views
Tom c/o Wealth Counsel
Aug 12, 20224 min read
Questions To Ask Your Estate Planning Attorney
Creating an estate plan is a personal and often emotional undertaking, making the selection of your estate planning attorney of the...
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Tom c/o Wealth Counsel
Aug 5, 20225 min read
How to Keep Your Child’s Inheritance Out of Your In-Law’s Hands
About 40 to 50 percent of all marriages in the United States end in divorce. Regardless of how you feel about your child’s spouse, you...
33 views
Tom c/o Wealth Counsel
Jul 15, 20224 min read
Celebrate Independence Day by Claiming Control of Your and Your Loved Ones’ Futures
Every year on the Fourth of July, Americans across the country celebrate our nation’s declaration of independence from Great Britain. Yet...
31 views
Tom c/o Wealth Counsel
Jun 24, 20225 min read
Questions to Ask When Investing in a Vacation Property
According to the National Association of Home Builders, in 2018 there were approximately 7.5 million second homes, making up 5.5 percent...
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Tom c/o Wealth Counsel
Jun 10, 20226 min read
What Happens to My Spouse's Debts at Their Death?
A spouse’s death creates a difficult and demanding time for the surviving partner. As much as you might want space and time alone to...
45 views
Tom c/o Wealth Counsel
May 27, 20222 min read
Updating Your Estate Plan: How Many Tweaks Are Too Many?
If your life or the law has changed since you signed your last will and testament (will) or trust agreement, you need to update your...
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Tom c/o Wealth Counsel
May 13, 20224 min read
Dutiful Child or Manipulator of the Elderly?
As parents age and their physical and mental capacities diminish, it is natural for their adult children, recognizing the parents’...
120 views
Tom c/o Wealth Counsel
Apr 29, 20225 min read
Stay at Home Parent Considerations
Most American strive to earn a decent-sized paycheck to support themselves and their families when they go to work. Stay-at-home parents,...
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Tom c/o Wealth Counsel
Apr 15, 20222 min read
If I Give My Home to My Child in My Will, Can They Take My Home While I Am Still Alive?
The short answer to this question is no. Naming your child as the recipient of your home in your will does not give them any right to...
137 views
Tom c/o Wealth Counsel
Apr 1, 20225 min read
Spring Cleaning: Time to Clean Up Your Estate Planning
Your estate plan, like your home, periodically needs a thorough polishing. Your life circumstances are constantly changing, and an estate...
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Tom c/o Wealth Counsel
Mar 18, 20224 min read
What to Know about Nonfungible Tokens
A nonfungible token (NFT) is a unique digital code that represents a digital item such as art or music, as well as a growing number of...
49 views
Tom c/o Wealth Counsel
Mar 4, 20223 min read
Estate Planning Considerations for Couples with an Age Gap
With couples of similar ages, planning for the future is naturally a joint effort. However, if you are married to someone who is...
34 views
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