Here are some factors to consider when marrying, or remarrying, later in life. Should You Have a Prenuptial Agreement? In most situations, the answer is yes, particularly if you and your betrothed have children from previous marriages, a disparity in fi
How Should I Incorporate Tax Deferred Assets into My Gifting Plan?
In Michigan, you have many things to think about when you first approach your estate plan. You want a plan that will help you enter retirement so that you can not just survive, but thrive financially. You want to know that you’ve taken proactive measures
Will an Underage Trust Beneficiary Receive Assets in Michigan After I Pass Away?
Creating a will likely means that you’re going to include some or all of your children in it with the intention that you will be around for many years to come. Since children are not able to inherit most property directly, you’ll want to know what happens
What Does It Mean to Say the Trustee is a Fiduciary?
When you create a trust, an important part of that process is selecting who will serve as the trustee of the assets placed inside. If you’re not familiar with the importance of this role and what it means to be a trustee, this blog will help. A trustee
A Gifting Guide for 2020 With Tax Implications
Gifting assets can have big benefits in terms of income taxes and estate taxes for both the person receiving the gifts as well as the person making the gifts. In 2020, you are eligible to gift up to $15,000 per calendar year to any number of individual pe