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Sometimes married couples creating trusts want to have a little more control over their assets after one of them is gone while still making sure to take care of the surviving spouse. A qualified terminable interest property (QTIP) trust serves the du…
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What legal documents does an 18 year old need? Amidst commencements and graduation parties, an item that does not appear on most parents’ summer checklists for their graduate is a visit to the attorney’s office. Upon turning 18 years old, a child…
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Independent Contractor Status and Salary Exemptions: New Rules from the DOL Make Misclassification a Real Risk (Dirk Beamer, 1:50) The Corporate Transparency Act: It’s in effect. Are you in compliance? (Heather Miles, 16:00) Expanded Legal Protecti…
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A donor advised fund (DAF) is a tax-advantaged, flexible, and convenient tool for charitable giving. They are easy to set up: Donors simply establish a DAF account with a sponsoring organization into which they deposit funds that will be disbursed ov…
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Everyone’s life is marked by various stages, and proper estate planning may mean different things at different ages. In general, estate planning needs differ based on one’s place in their individual life journey. When you are a college student wi…
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You took all the right steps. You set up your estate plan, made sure your final wishes were clear, and provided for your beneficiaries upon your passing. But what happens in Michigan when your beneficiary passes away before you and you don’t update…
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Many people have an estate plan on their to-do list, but what happens if you do not get around to it before you pass away? The answer is that your loved ones could face several problems that lead to wasted time, expense, and conflict amongst themselv…
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How does a trust avoid probate? It’s in the details. In my experience, the primary reason most people set up trusts is to avoid probate. So, how does that work? Does the mere fact of having signed a trust cut out the probate court? Not quite. I…
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No one wants to think about their parents passing away. However, having difficult conversations now about your parents’ estate plan (or lack thereof) can provide peace of mind for your parents and their loved ones for when that day comes. Many peop…
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As January comes to a close, it’s important to remember that reviewing and possibly updating your estate plan should still be among your new year’s resolutions. There may be several obvious reasons why you might need to update your estate pla…
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