What is Guardianship?
Guardianship is a legal arrangement whereby an individual is granted the legal authority to make decisions on behalf of another person who is deemed unable to make those decisions independently. Most commonly, this applies to minor children whose parents are deceased, but this also applies to incapacitated adults.
Guardianship law serves as
The year 2025 will bring new changes to estate and gift tax laws in the United States, with updated exemptions, rates, and regulations affecting taxpayers at both federal and state levels. As we await the 2024 general election results, it is important to stay informed about the latest updates and requirements to ensure proper planning
On the fifth episode of our speaker series, Partner Carolyn Reers explores the growing trend of high-net-worth individuals seeking residency or citizenship abroad for tax benefits and safety. She highlights popular destinations like Malta, St. Kitts and Nevis, and St. Lucia for citizenship through investment, as well as Italy, Malta, Portugal, Switzerland, Greece, and Spain
Estate planning can require extra care and effort where one spouse is not a U.S. citizen. The same can be said for couples who live, work, or own property in the U.S. but neither is a U.S. citizen. These couples should be well-advised in preparing an estate plan to minimize the potential application of U.S.
In this powerhouse episode, hosts Erin Nicholls and Michael Clear step up to the plate with Thomas Archer, a certified financial planner and owner of the Thomas J. Archer Companies, to discuss the nuances of estate planning and business succession for high net-worth individuals, including professional athletes and business owners. Archer, not one to sit
Navigating the emotional and logistical complexities of administering a loved one’s estate after their death can be difficult. The additional burden of having to decide what to do with all of their stuff (also known as tangible property) highlights the critical role of effective estate planning. The clarity and directives provided by a well-structured estate
Highlighted by Lyden v. Lyden (In re E. Earl Lyden Trust)
In early April, the Michigan Court of Appeals issued an opinion in the case of In re E. Earl Lyden Trust, which highlights the importance of a comprehensive review of the estate plan during the pendency of a divorce.
Background of Case
Denice
With our second episode in our speaker series, Helen Heintz dives into the increasingly common practice of drafting prenuptial agreements. Highlighting the evolution of her clientele over nearly two decades, Helen outlines the shift towards safeguarding inherited wealth in first and second marriages—primarily driven by concerned parents wanting to protect assets for their children. Helen
We are pleased to launch our speaker series, a break from the traditional podcast format, with our premier episode featuring Partner Vanessa Maczko who will detail where we are now with taxes and gifting, and where we are going. She discusses what is not a taxable gift and how to use your estate and gift
This time of year, many parents with a college-aged child are squeezing in last-minute vacations, back to school shopping and other activities before their child returns to college or starts first semester. However, one component that is often overlooked is to ensure adult children have adequate estate planning in place to address their financial and