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
- 5 min
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...
9 views
Tom c/o Wealth Counsel
- Nov 4
- 6 min
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...
39 views
Tom c/o Wealth Counsel
- Oct 21
- 3 min
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...
25 views
Tom c/o Wealth Counsel
- Oct 9
- 3 min
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...
37 views
Tom c/o Wealth Counsel
- Sep 23
- 4 min
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...
23 views
Tom c/o Wealth Counsel
- Sep 9
- 4 min
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...
401 views
Tom c/o Wealth Counsel
- Aug 26
- 5 min
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...
23 views
Tom c/o Wealth Counsel
- Aug 12
- 4 min
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...
23 views
Tom c/o Wealth Counsel
- Aug 5
- 5 min
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...
23 views
Tom c/o Wealth Counsel
- Jul 15
- 4 min
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...
29 views
Tom c/o Wealth Counsel
- Jun 24
- 5 min
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...
23 views
Tom c/o Wealth Counsel
- Jun 10
- 6 min
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...
42 views
Tom c/o Wealth Counsel
- May 27
- 2 min
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...
36 views
Tom c/o Wealth Counsel
- May 13
- 4 min
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’...
109 views
Tom c/o Wealth Counsel
- Apr 29
- 5 min
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,...
15 views
Tom c/o Wealth Counsel
- Apr 15
- 2 min
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...
133 views
Tom c/o Wealth Counsel
- Apr 1
- 5 min
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...
28 views
Tom c/o Wealth Counsel
- Mar 18
- 4 min
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...
47 views
Tom c/o Wealth Counsel
- Mar 4
- 3 min
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...
32 views