Why Caution Is Warranted When Transferring Title of Mortgaged Real Property

By WealthCounsel Staff on Apr 9, 2021 10:00:00 AM

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by Phoebe Stone, JD, MA (bioethics)

Transferring title of real property to an inter vivos trust is an extremely common practice for most estate planners. Many practitioners also engage in transfers of real property to ownership vehicles such as limited liability companies (LLCs). Practitioners must exercise caution when making these transfers if the property is subject to an existing mortgage, however, because such transfers can trigger the due-on-sale clause that is typically included in the mortgage contract.1

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Complex Concepts in Estate Planning: Planning for the $500,000+ IRA

By WealthCounsel Staff on Apr 2, 2021 10:04:03 AM

If you still have questions regarding the impact of the SECURE Act on your client’s individual retirement account (IRA) and estate plan, you are not alone. Planning for clients whose largest asset is their IRA was already challenging prior to the passage of the SECURE Act, but with new rules and exceptions to consider, planning for these clients is even more complex. Now more than ever, estate planning attorneys must understand the ins and outs of the SECURE Act and how it affects their clients’ plans.

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Trust Administration in Volatile Markets

By WealthCounsel Staff on Feb 12, 2021 10:00:00 AM

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“Stock prices have reached what looks like a permanently high plateau.”

—Irving Fisher, New York Times, October 16, 1929

We all know what happened on October 24, 1929, just eight days after Professor Fisher’s bullish prediction, when the Wall Street Crash ushered in the Great Depression, ruining the great economist’s reputation. In hindsight, it is easy to spot the irrational exuberance exhibited in the run up to the greatest economic crisis in modern times. However, the fact remains that Professor Fisher was far from the only economist who expressed this opinion.

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