2021 Document Management Buyers Guide For Attorneys

By WealthCounsel Staff on Apr 30, 2021 10:00:00 AM

Above-the-Law

We are excited and honored to announce our participation in the 2021 Document Management Buyers Guide! The e-book, released by Legal Tech Publishing, spotlights innovative legal technology products for attorneys.

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The Corporate Transparency Act: What Estate Planners Need to Know

By WealthCounsel Staff on Apr 23, 2021 10:00:00 AM

corporate-transparency

The Corporate Transparency Act of 2020 (CTA), passed on January 1, 2021, is designed to prevent malign actors, i.e., companies that seek to conceal their ownership of businesses in the United States in an effort to facilitate illicit activity such as money laundering, financing of terrorism, tax fraud, and other acts of foreign corruption, from harming the national security interests of the United States and its allies. But why should this be of any interest to estate planners?

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Why Caution Is Warranted When Transferring Title of Mortgaged Real Property

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

MortgageTransfer

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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