5 Typos that Could Affect Client Trust

By WealthCounsel Staff on Feb 18, 2022 10:00:00 AM

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Mistakes happen in all forms of writing, including the drafting of estate planning documents. Even a small typographical error can have big consequences for you and your clients. If these errors are not rectified before the documents are signed, they can hurt your credibility with clients or worse—lead to malpractice claims. 

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The Often Forgotten Fiduciary Income Tax Obligations of Trusts

By WealthCounsel Staff on May 28, 2021 10:00:00 AM

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Although trusts are effective estate-planning tools used to avoid probate and minimize estate and gift taxes, their income-tax implications must also be considered to ensure that there are no unintended tax consequences. The drafting attorney should point out the advantageous and disadvantageous fiduciary income-tax implications for the type of trust being considered and then determine which trust is the best fit for the client. 

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Navigating the Trust Administration Journey

By WealthCounsel Staff on May 21, 2021 10:00:00 AM

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Navigating a postdeath trust administration can be daunting, and attorneys must have the necessary skills, knowledge, and competence to diligently and effectively provide legal services to fiduciary clients during this process.

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