Estates & Trusts

Do I Have to Pay Capital Gains on the Sale of an Inherited Home?

Jul 24, 2024

If you have inherited a house, you have some decisions to make, starting with whether to sell or kee...

Nine Things You May Not Know About Michigan Probate

May 29, 2024

Almost everyone has heard of probate, but many people have no experience with the process, and myths...

What is a “No-Contest” Clause in a Will?

Feb 26, 2024

A no-contest clause is a provision in a will that states that if a beneficiary challenges the will, ...

Why Consider a Qualified Personal Residence Trust (QPRT) for Real Estate Assets?

Feb 06, 2024

Estate Planning: Provide For Future Generations Generally speaking, we have all worked our enti...

New IRS Ruling Regarding Irrevocable Trusts and Step-Up in Basis

Nov 29, 2023

On March 30, 2023, the Internal Revenue Service issued Revenue Ruling 2023-2. The essence of this br...

Is a Revocable Trust More Effective Than Probate in Distributing Real Estate Assets After a Grantor’s Death?

Oct 06, 2023

Many wonder if real estate assets are in a revocable trust or letting them go through the probate pr...

Transfer on Death (Tod) Accounts Explained

May 24, 2023

An investment or brokerage account may be one of the most valuable assets a person owns. Ordinarily,...

Examples of Executor Misconduct

Mar 24, 2023

Being the executor of a will is a big responsibility. Most people who undertake this role do so with...

Handling of Debts as a Trustee

Jan 29, 2023

If you are serving as the trustee of a trust, you may be faced with beneficiaries who, understandabl...

Is a Charitable Remainder Trust Right for You?

Jan 29, 2023

Over our lifetimes, estate planning goals often change. When our families are young, our prioritie...