Severe, if not devastating, consequences can arise from a voidable transaction, not only to the debtor but also to the transferee, along with the debtor’s advisors. The old adage ‘there’s no harm in trying’ does not apply when it comes to making a transfer of property after a claim arises. Just the opposite, a lot more could go wrong if a transfer of property is made in violation of the Uniform Voidable Transaction Act.

Cryptocurrency is fast gaining acceptance in the business world, and charities are now having to become familiar with it as part of their fundraising efforts if a donor is inclined to make a gift using cryptocurrency. The transfer of cryptocurrency, deemed to be property for tax purpose, entails many challenging complications and different tax consequences than if just ordinary cash was the subject of the gift.

Estate planning documents may have to be revisited in the coming years as Michigan begins to add provision to EPIC to address artificial reproductive technology, such as how long to keep an estate ‘open’ to allow post-mortem children to be born to a deceased parent, i.e.,  how long must an estate be administered to allow the surviving spouse-parent to decide (after a sufficient grieving period) whether or not to use frozen embryos and sperm) to produce another child.

Individuals who are over the age 70 ½, who have charitable intent, and who are eligible to qualify to make a QCD,  will find that a QCD is, especially after the OB3, the most tax efficient way in which to fulfill their charitable giving objectives.

Injecting different beneficiary classifications into the RMD rules creates confusion, added to which is the election option that is available to an EDB. I guess nothing is simple when it comes to taking distributions from an inherited IRA, either traditional or Roth.

Different required minimum distribution (RMD) rules apply to different situations. Assuming which rule applies might lead to the failure to take an RMD.

The deaths of Rob Reiner, and his wife Michele could soon bring to the headlines two seldom encountered probate rules: simultaneous deaths and the slayer statute.

Snowbirds who are eager to purchase a Florida home will need to pay close attention to the rules surrounding proof of domicile if they want to enjoy Florida’s favorable tax rules.

Taking a loan from a 401(k) account may not be a good decision if the participant’s access to other funds is a viable option. If a plan loan is ultimately taken by the participant, there are plenty of technical rules to navigate, along with the continuing risk of a deemed distribution and possible excise taxes for an early distribution if the loan is not timely repaid. In short, there are plenty of traps that go along with taking a loan from a 401(k) account.

The One Big Beautiful Bill Act (OB3) was passed with such haste and secrecy in the dead of night (but with a lot of fanfare the following day) that it is only natural that many mistakes were made when the bill was signed into law on July 4, 2025. Some of those mistakes, or oversights, are now coming to light, prompting many questions directed at the Department of Treasury.