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The Importance of an Independent Trust Administrator After a Loved One Passes
When a loved one passes away, the emotional toll on the family can be overwhelming. Amidst the grief and the flurry of immediate arrangements that need to be made, there’s also the critical matter of managing the deceased’s estate. One key component of this process is the administration of any trusts that were set up as part of the estate plan. This is where the role of an independent trust administrator becomes vital. In Michigan, as in many states, appointing an independent trust administrator can make a significant difference in how smoothly and fairly the estate is managed and distributed.
Caring.com Study Finds 1 in 4 U.S. Adults Recognize Greater Need for Estate Planning Due to Inflation.
2023 Wills & Estate Planning Study highlights the impact of inflation on the views of Americans regarding estate planning.
Michigan Senate Votes to Repeal 2012 Right-to-Work Law
Recently, the Michigan Senate approved legislation to repeal the state’s “right-to-work” law, which has been in place since 2012.
Watch: The Oakland County Megacast featuring attorney Susan Strunk of Monaghan, P.C.
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
Durable Powers of Attorney – Essential for Everyone
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
Understanding the Benefits of an LLC
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
