October 14, 2024
End-of-Year Charitable Giving
A charitable gift annuity (CGA) is much simpler to implement but probably not as tax efficient as a charitable remainder trust if an individual is exploring end-of-the-year philanthropy.
Read MoreOctober 14, 2024
A charitable gift annuity (CGA) is much simpler to implement but probably not as tax efficient as a charitable remainder trust if an individual is exploring end-of-the-year philanthropy.
Read MoreOctober 10, 2024
While Michigan does not recognize a formal statute of limitations to present a Will to probate, there are plenty of other limitations periods associated with claims against the decedent or the decedent’s estate or claims against distributees of the decedent’s estate.
Read MoreOctober 9, 2024
The IRS just released Final Regulations, Notices, and a Revenue Procedure on the reporting requirements for digital asset custodians.
Read MoreOctober 8, 2024
IRA custodians may have a fair amount of latitude when it comes to titling an inherited IRA, which means that ‘all IRA custodians are not alike.’
Read MoreOctober 3, 2024
Michigan has a new purpose trust statute.
Read MoreOctober 2, 2024
The trustee’s failure to provide written Crummey withdrawal notices to a trust beneficiary is not a reason to lose sleep.
Read MoreSeptember 30, 2024
Investing in a non-fungible token (NFT) may provide an exciting investment opportunity, but its tax and administrative complications could easily outweigh the benefits of such a speculative investment.
Read MoreSeptember 27, 2024
In the past we have covered that a Trust is not a contract with the beneficiaries. No, it is a fiduciary relationship, not a contract. In the same vein, some think that a trustee acts as the agent for the trust beneficiaries.
Read MoreSeptember 26, 2024
A directed Trust can override the duty of diversification under the Prudent Investor Act.
Read MoreSeptember 23, 2024
The IRS just made it a bit easer to apply for an extension of time to make generation skipping transfer tax (GST) elections.
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