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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...

Tom c/o Wealth Counsel
May 20, 20243 min read
22 views


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...

Tom c/o Wealth Counsel
May 17, 20247 min read
27 views


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...

Tom c/o Wealth Counsel
May 3, 20244 min read
33 views


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...

Tom c/o Wealth Counsel
Mar 15, 20244 min read
38 views


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...

Tom c/o Wealth Counsel
Feb 23, 20245 min read
42 views


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...

Tom c/o Wealth Counsel
Jan 26, 20245 min read
18 views


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...

Tom c/o Wealth Counsel
Jan 12, 20242 min read
83 views


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...

Tom c/o Wealth Counsel
Dec 15, 20235 min read
56 views


Reviewing Your Estate Plan after the Death of a Loved One
The death of a loved one is never easy. Regardless of your relationship with the deceased (blood relative, life partner, or close...

Tom c/o Wealth Counsel
Nov 16, 20235 min read
40 views


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...

Tom c/o Wealth Counsel
Oct 20, 20235 min read
36 views


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...

Tom c/o Wealth Counsel
Oct 6, 20235 min read
44 views


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...

Tom c/o Wealth Counsel
Sep 22, 20235 min read
100 views


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,...

Tom c/o Wealth Counsel
Aug 25, 20234 min read
43 views


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...

Tom c/o Wealth Counsel
Aug 11, 20234 min read
149 views


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...

Tom c/o Wealth Counsel
Jul 28, 20234 min read
102 views


Important Concerns Self-Employed Individuals Should Address
small business owners need to protect their future

Tom c/o Wealth Counsel
Jul 14, 20233 min read
72 views


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...

Tom c/o Wealth Counsel
Jun 30, 20236 min read
33 views


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....

Tom c/o Wealth Counsel
Jun 16, 20236 min read
93 views


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...

Tom c/o Wealth Counsel
Jun 2, 20235 min read
22 views


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...

Tom c/o Wealth Counsel
May 19, 20235 min read
15 views
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