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Tom c/o Wealth Counsel

29 minutes ago3 min read

Kids Going Away to College?

Why You Should Include Estate Planning in the Preparation You have likely been preparing for a long time to get your college student off...

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Have You Checked Your Beneficiary Designations Lately?

Tom c/o Wealth Counsel

Nov 276 min read

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...

142 views

Caution: Using a DIY Deed to Avoid Probate Can Lead to Unintended Consequences

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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How to Choose the Initial Trustee of Your Trust

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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Won’t My Spouse and Kids Inherit Everything When I Die?

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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What Conditions Can I Put on My Child’s Inheritance?

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,...

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Estate Planning Is About Knowing Your Priorities

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...

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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...

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What Can I Not Do as Trustmaker and Trustee of a Revocable Trust?

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...

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Will your Family Battle Over your Estate?

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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What Happens to An Adult Child Living at Home When Their Parents Pass Away?

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...

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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...

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What TV and Movies Get Wrong about Settling an Estate

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

What Happens to Real Estate With a Mortgage When I Die?

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...

39 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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I'm a Survivor . . . and Now I Have My Own Trust?

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

Should You Share Your Estate Planning Details With Loved Ones?

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

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