Troy, MI
Estate planning Lawyer at Troy, MI
Practice Areas: Estate Planning, Wills & Living Wills ... +2 more
Existing Policies How can the three-year rule be avoided for an existing life insurance policy? The three-year rule of IRC Section 2035 only applies to gratuitous transfers. It does not apply to a ...
See Full GuideUnder Internal Revenue Code Section 2035, if the insured gifts a life insurance policy to a third party (such as an irrevocable life insurance trust, or ILIT) within three years of his or her death,...
See Full GuideThe no-sell/buy-sell also works well in a second generation family business. Let's assume two brothers, Frank and Jesse, have inherited a family business and both have children who are active in the ...
See Full GuideThe advantages of a buy-sell agreement are well known to owners of closely-held businesses and their advisors. First, a buy-sell agreement creates a "market" for what would otherwise be an unmarketable...
See Full GuideLevel One: The Basic Plan The situation for level one planning is that you have no will or living trust in place, or your existing will or living trust is outdated or inadequate. The objectives for t...
See Full GuideLevel One: The Basic Plan. The situation for level one planning is that you have no will or living trust in place, or your existing will or living trust is outdated or inadequate. The objectives for ...
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