by williamsandknack | Nov 25, 2021 | Uncategorized
On December 8, 2016, Michigan signed into law two bills that allow the creation of Domestic Asset Protection Trusts (DAPT). The law goes into effect on March 8, 2017. Michigan is now the seventeenth state to allow such trusts. The Basics A DAPT is an irrevocable trust...
by williamsandknack | Nov 25, 2021 | Uncategorized
Despite the inherent usefulness of service agreements and/or purchase agreements in memorializing the terms of a transaction between businesses (“Business to Business” or “B2B”), or between businesses and their customers (“Business to Customer” or “B2C”), many...
by williamsandknack | Nov 25, 2021 | Uncategorized
When selling or purchasing a new home, individuals often do not think to hire an attorney to assist with the transaction and review the key legal documents. Generally, it seems that consumers tend to rely solely on real estate agents to assist with the transaction....
by williamsandknack | Nov 25, 2021 | Uncategorized
Michigan recently repealed widow’s dower rights going forward after a long history of granting dower to widows. The concept of dower rights dates back centuries and was intended to protect a surviving widow following her husband’s death. The widow could elect to...
by williamsandknack | Nov 25, 2021 | Uncategorized
On January 31, 2017, the Michigan Court of Appeals issued an opinion in Allard v. Allard (Allard III) that seemed to have a dramatic impact on the status of prenuptial and postnuptial agreements under Michigan law. Despite the initial outcry, the actual impact of this...
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