On March 8, 2017, Michigan enters the ranks of states with allowing asset protection trusts. Michigan is the 17th state to pass such legislation. It’s been 20 years since the first domestic asset protection trusts (DAPT) were allowed in Alaska…
Do you have a limited liability company or corporation that you are no longer using? If so, perhaps you chose not to renew it when the annual renewal came around. Does the entity still hold assets? If so, the consequences…
With the new year comes much talk of resolutions to be made and broken. A month in and you have probably broken one or two by now. One resolution that you should have considered is reviewing your estate plan. Does…
When individuals rely on certain government programs for their health and overall quality of life, they do not what to lose that critical assistance. Often the assistance from such programs can be jeopardized by suddenly receiving a significant amount of…
If President-elect Trump and the Republican led Congress succeed in eliminating the federal estate tax (see my prior post), what could we see take its place? Two options are the carry over basis that we saw during 2010 when the…
