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Michigan Adopts Domestic Asset Protection Trusts
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...
Utilizing Business Agreements As A Deterrent To Lawsuits And As An Offensive Weapon
Despite the inherent usefulness of service agreements and/or purchase agreements in memorializing the terms of a transaction between businesses...
Protecting Yourself in Residential Real Estate Transactions
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...
The Elimination of Dower Rights in Michigan
Michigan recently repealed widow’s dower rights going forward after a long history of granting dower to widows. The concept of dower rights dates...
Should You Be Concerned With The Impact Of The Allard Decision On Prenuptial Agreements?
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...
Tax Reform – What Will It Mean To You?
The White House first released its proposed Tax Reform Plan in April, 2017. The initial release was one page and short on details. Following that,...
Tax Reform – What Are The Changes If It’s Enacted Into Law?
On Saturday, December 2, 2017, the Senate garnered 51 votes to pass its proposed Tax Reform Bill. It now goes to the Joint Committee on Taxation, a...
WHAT HAPPENS TO YOUR DEBTS WHEN YOU DIE?
Most people will die with at least some debt to their name. The average total balance of debt for U.S. consumers in what is considered to be the...
LLCs paying taxes as an S Corporation: A legal blunder?
ne common mistake made by business owners in either new or well-established businesses is that their company is set up as a limited liability...