This past weekend I decided to fix the leaking transmission in my old Jeep. It was so simple, I did not need to take it to a mechanic. I bought the parts, crawled under the Jeep and dove right in. A few minutes later I literally felt like I dove in: there was transmission fluid …
Do It Yourself Projects: They Really Are Owner Beware! Read More »
Most people only think about their property taxes the bills come in July and December. But our property tax system in Michigan requires that you pay attention in February. By February, you receive your assessment notice. If the assessor raises your taxable value (the value that taxes are based on), the assessor must give you …
February is time to think about your real property taxes! Read More »
We have all heard the radio advertisements: Set up a corporation or LLC for your business and you will protect your personal assets form company creditors. So after setting up the corporation or LLC, why am I sued personally? I have heard this question many times where the client set up a corporation or limited …
I Thought My Company Protected Me From Personal Liability? Read More »
Many years ago the state adopted what some call the Sunshine Law: the Michigan Freedom of Information Act. The Act is intended to make information about government more accessible to the public, with certain exceptions. Much of the litigation over the Act involves these exceptions. Michigan’s Court of Appeals, in a case involving Delta College, …
There Is Always Something New Under the Sun (Sunshine Law, That Is) Read More »
I don’t usually comment on estate planning matters but a recent Court of Appeals decision on involving an estate planning trust caught my interest. The bank obtained a judgment against an individual based on a personal guaranty. The bank garnished an account that the individual held as trustee under a trust agreement. First, it appears …
Thoughts on Estate Planning Trusts and Asset Protection By An Old Banker’s Attorney Read More »
Are you selling a residence or mobile home with a land contract or other secured seller financing? In addition to dealing with normal land contract terms, you may need to comply with the new federal regulations under the Dodd-Frank Act. Dodd-Frank was in response to lending practices in the residential mortgage market. It has been …
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