The 50% penalty imposed on the failure to take a required minimum distribution (RMD) from an inherited retirement account just got waived for three years for some designated beneficiaries.

The SECURE Act 2.0 provided us with many new provisions which became effective on January 1, 2024.

With higher interest rates and expected lower market returns, it is time to reconsider some conventional wealth-shifting strategies for 2024.

Michigan currently is looking into the adoption of the Uniform Premarital and Marital Agreements Act with the intent to provide a level of consistency when it comes to the enforcement of prenuptial and postnuptial agreements.

When a trustee dies, the duty to inform and account passes to the trustee’s estate representatives.

What follows is a last look at what happened in 2023 regarding retirement plan contributions, distributions and decisions that impact saving for retirement.

There is a push to delay some of the reporting deadlines that are contained in the Corporate Transparency Act.

A trustee has a duty to change the situs of the Trust it administers to minimize, or completely avoid, the imposition of state income taxes on the Trust’s accumulated income.

The tax benefits from owning qualified small business stock (QSBS) can be enhanced if the sales proceeds are rolled into a new QSBS investment.

Michigan now has a silent trust statute. Is that a good thing?