April 14, 2023
Prenuptial Agreements and Estate Planning
Individuals who expect to receive large lifetime gifts, or inheritance, often enter into a prenuptial agreement in order to protect their separate property.
Read MoreApril 14, 2023
Individuals who expect to receive large lifetime gifts, or inheritance, often enter into a prenuptial agreement in order to protect their separate property.
Read MoreApril 12, 2023
Gift taxes can be a surprise to some individuals who have just completed their divorce. While most transfers of assets incident to a divorce do not cause a federal gift tax, there are some circumstances when a surprise taxable gift can occur.
Read MoreApril 10, 2023
As we inch towards 2026 and a return to planning for (or around) federal estate taxes, some surviving spouses should take a look at their existing QTIP trusts which may cause their estates to pay federal estate taxes on their deaths.
Read MoreApril 6, 2023
Other uses for a Michigan Qualified Dispositions in Trust exist, more than just protecting assets from future creditor claims.
Read MoreApril 5, 2023
Social Security Old Age & Survivors Insurance benefits are now projected to be cut to 77% starting in 2033.
Read MoreApril 3, 2023
Foreign trusts frequently have annual FinCEN reporting requirements, which carry stiff penalties for their failure to report. The challenge is to determine when a trust actually exists under the laws of foreign nations, and in particular, civil law jurisdictions.
Read MoreMarch 31, 2023
As the law progresses, the historic nature of a trust as a fiduciary relationship seems to be giving way to a new approach to treat a trust as a separate legal entity.
Read MoreMarch 29, 2023
Lifetime gifts maximize the value of a portability election.
Read MoreMarch 27, 2023
The IRS has granted relief from penalties for those designated beneficiaries who failed to take a required minimum distribution from an inherited IRA under the SECURE Act Proposed Regulations.
Read MoreMarch 23, 2023
While President Biden’s recent budget proposal contained many new tax proposals, it also included some provisions, aka ‘revenue generators,’ that result from changes to some common estate planning concepts. Many
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