The results of a survey conducted by a leading digital estate planning platform suggest that many millennials in Michigan and around the country are struggling to cope with their financial situations. Almost three-quarters of the 15,000 millennials surveyed expressed...
Month: April 2024
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Choosing a trustee for your irrevocable trust
Many Michigan residents choose to include irrevocable trusts in their estate plans to avoid the probate process and give them more control over how their estates will be administered and their assets distributed. When an individual chooses to create an irrevocable...
New 1099 requirements for landlords
A significant law change going into effect in 2024 involves rental income that Michigan landlords must report on their1099-K forms. The current tax season is the first in which the Internal Revenue Service has changed reporting requirements to address unreported rent....