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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...

Tom c/o Wealth Counsel
Dec 13, 20243 min read
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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...

Tom c/o Wealth Counsel
Nov 27, 20246 min read
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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.

Tom c/o Wealth Counsel
Nov 15, 20243 min read
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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

Tom c/o Wealth Counsel
Oct 18, 20246 min read
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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...

Tom c/o Wealth Counsel
Oct 4, 20244 min read
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The Perils of Joint Property
Joint ownership has the potential to cause disastrous unintended consequences and complications you did not intend.

Tom c/o Wealth Counsel
Sep 20, 20244 min read
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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...

Tom c/o Wealth Counsel
Sep 12, 20244 min read
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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,...

Tom c/o Wealth Counsel
Aug 23, 20244 min read
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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...

Tom c/o Wealth Counsel
Jul 26, 20245 min read
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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...

Tom c/o Wealth Counsel
Jul 12, 20246 min read
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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...

Tom c/o Wealth Counsel
Jun 14, 20243 min read
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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...

Tom c/o Wealth Counsel
May 31, 20243 min read
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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
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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
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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
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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
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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
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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
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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
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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
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