Seven THK Law Attorneys Recognized in 2027 Best Lawyers® Lists
SOUTH BEND, Ind./CASSOPOLIS, Mich. – Seven attorneys from THK Law, LLP, have been recognized in the 2027 editions of The Best Lawyers in America® and Best Lawyers: Ones to Watch® in America, considered among the legal profession’s most respected peer-reviewed honors. Six THK attorneys were named to The Best Lawyers in America® (2027 Edition): Michael […]
How to Protect Your Charitable Giving Goals in Estate Planning
Charitable giving allows you to support causes you care about while potentially reducing your estate tax burden. However, making unrestricted gifts to charity without careful estate planning can create unintended consequences that may diminish both your benefits and the gifts’ long-term impact. An unrestricted gift gives a charitable organization complete discretion over how the funds […]
A Letter of Instruction: Helping Your Family Navigate Important Details
Most people understand the importance of having a valid will as part of their estate plans. A will helps ensure that your assets are distributed according to your wishes and can provide legal guidance for your loved ones after your death. However, there’s another estate planning document that’s sometimes overlooked yet can be extremely beneficial: […]
Using an ESOP to Create Liquidity and Preserve Your Business Legacy
As an owner of a closely held business, you’re likely familiar with how an employee stock ownership plan (ESOP) can offer an exit strategy and provide a tax-efficient tech-nique for sharing equity with employees. What you may not be aware of is that an ESOP can be a powerful estate and retirement planning tool. Indeed, […]
How a QTIP Trust Protects Children and Spouses in Blended Families
Remarriages are increasingly common. According to recent data from the U.S. Bureau of Labor Statistics, by age 55, nearly 27% of those who’ve married have done so more than once. As a result, “blended” families — in which one or both spouses have children from a previous marriage — are also increasingly common. Estate planning […]
How to Remove a Trustee: An Estate Planning Provision Your Trust Should Include
A trustee plays a central role in the administration of a trust, serving as the legal steward of the trust’s assets on behalf of beneficiaries. This responsibility carries both authority and accountability. Trustees are charged with managing investments, distributing income or principal in accordance with the trust document, maintaining accurate records, and acting in the […]