June 2014

Due to a new law that took effect on December 31, 2013, it’s now possible to pass residential property to certain relatives without increasing the tax burden on them. This law essentially allows property to be kept in a family longer because the future generation will pay the same level of property tax that the […]

Buying a house is one thing. Buying land to build a house on is even more complex. Among the issues you need to consider if you plan to buy land to build on: The seller’s title, supported by title insurance A staked survey showing the property boundaries and any easements Zoning as it affects what

A lot of what I do as an estate planner involves helping people to have the most efficient (read: “inexpensive”) method of transferring their estates to their loved ones, or designated charities. One of the most inexpensive ways of transferring assets upon death is with a beneficiary designation. Life insurance, annuities and Individual Retirement Accounts

Transferring a liquor license in the state of Michigan involves three parties: the seller, the buyer and the state. While the state does not take any ownership of the license, it certainly plays a role. Any agreement between the buyer and seller will be scrutinized and ultimately approved or denied by the Michigan Liquor Control

We have seen a few recent developments in condominium association operations. 1. The first is a change in the Condominium Act. An amendment that went into effect in January 2014 requires condominium associations whose annual receipts exceed $20,000 to have an annual audit by a CPA. This requirement applies to existing condominium associations, not just