When in doubt, avoid engaging in a 60-day rollover of an IRA from one custodian to another custodian, and stick with a custodian-to-custodian transfer of the IRA balance. Missing the 60-day deadline will mean taxes and penalties, or an expensive trip to the IRS in the form of a requested private letter ruling to ‘fix’ the missed deadline.

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.

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.

The IRS just released Final Regulations, Notices, and a Revenue Procedure on the reporting requirements for digital asset custodians.

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.’

Michigan has a new purpose trust statute.

The trustee’s failure to provide written Crummey withdrawal notices to a trust beneficiary is not a reason to lose sleep.

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.

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.

A directed Trust can override the duty of diversification under the Prudent Investor Act.