Tom c/o Wealth Counsel
Why Unmarried Partners Should Care about Estate Planning
According to a 2019 survey conducted by the Pew Research Center, 7 percent of surveyed adults were living with an unmarried partner, up...
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Tom c/o Wealth Counsel
Apr 16, 20214 min read
Do I Have to Leave Anything to my Children?
One common storyline in Hollywood movies is the rich father disinheriting the family outcast. The story usually traces the child’s...
55 views
Tom c/o Wealth Counsel
Apr 2, 20212 min read
Five Reasons to Protect Your Retirement Accounts Now
Your retirement account provides asset protection during your lifetime, but as soon as you pass that account to a loved one, that...
60 views
Tom c/o Wealth Counsel
Mar 19, 20214 min read
How to Talk to Mom and Dad about Creating an Estate Plan
Conversations about death and dying are rarely fun. Most people avoid them because they invoke feelings about our inevitable demise....
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Tom c/o Wealth Counsel
Mar 8, 20212 min read
Warning: Don’t Let Creditors Inherit from You or Your Spouse
Although spouses receive special treatment when inheriting a retirement account such as an IRA (the ability to roll over the account into...
85 views
Tom c/o Wealth Counsel
Feb 19, 20215 min read
What If No One Wants My Stuff?
A complete estate plan should capture your wishes for how all of your property will be given away at your death.
70 views
Tom c/o Wealth Counsel
Feb 5, 20213 min read
My Loved One Has Died - What Do I Do Now?
When a family member or other loved one dies, grief and shock can sometimes be overwhelming. The last thing most people want to think...
119 views
Tom c/o Wealth Counsel
Jan 22, 20213 min read
How to Choose a Trustee
When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs—collect...
61 views
Tom c/o Wealth Counsel
Jan 8, 20216 min read
Severing Joint Ownership of Property
One of the most common forms of property ownership in the United States is joint tenancy with rights of survivorship (JTWROS or joint...
78 views
Tom c/o Wealth Counsel
Dec 11, 20204 min read
The Recipe for a Satisfying Estate Plan
Misconceptions about who needs an estate plan abound. Most people believe that estate planning is only for extremely wealthy business...
48 views
Tom c/o Wealth Counsel
Nov 30, 20204 min read
How to Own Your Real Estate
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The...
56 views
Tom c/o Wealth Counsel
Nov 13, 20205 min read
How Refinancing a Property Can Affect Your Estate Plan
The mortgage business is booming in many parts of the country. Historically low interest rates have created an almost frenzied...
58 views
Tom c/o Wealth Counsel
Oct 30, 20203 min read
All in the Family: Making Sense of Per Stirpes, By Representation, and Per Capita Distributions
“That’s not fair!” In many households, this is the common refrain of children as they advocate for themselves or express what they feel...
201 views1 comment
Tom c/o Wealth Counsel
Oct 16, 20204 min read
How Trusts Have Helped Famous Athletes
Estate planning is not just about what happens when you die. Proper estate planning takes into consideration all aspects of your life and...
53 views
Tom c/o Wealth Counsel
Oct 2, 20203 min read
Wills, Trusts & Dying Intestate: How They Differ
Most people understand that having some sort of an estate plan is a good thing. However, many of us do not take the first steps to get...
202 views
Tom c/o Wealth Counsel
Sep 18, 20202 min read
Estate Planning: 3 Reasons We Run the Other Way
It can be hard to get motivated about your estate planning; it sounds about as fun as getting a root canal. However, you also probably...
103 views
Tom c/o Wealth Counsel
Sep 4, 20203 min read
Considerations Before Heading South for the Winter
For many snowbirds, cooler weather means it is time to head south. If you are thinking about heading for warmer weather this winter,...
28 views
Tom c/o Wealth Counsel
Aug 20, 20205 min read
Seven Ways to Avoid Family Fights over Your Property
Ask a group of friends if they have experienced a family fight over property after a loved one has died, and you will be in for a lively...
223 views
Tom c/o Wealth Counsel
Aug 7, 20204 min read
Why Your Heirs or Beneficiaries May Receive a Smaller Inheritance Than You Thought
Although it is rare for anyone to look forward to the passing of a loved one, many people cannot help wondering about a future...
83 views
Tom c/o Wealth Counsel
Jul 22, 20206 min read
Sandwich Generation: Considerations When Caring for Both Children and Parents
July is National Sandwich Generation Month, a time to honor those who are caring for both their children and their aging parents. This...
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