News & Resources

As a business attorney, I have helped many clients with setting up new companies, usually corporations or limited liability companies (“LLCs”). It can be a fast and furious process. After the “entity formation phase” is complete, however, some business owners overlook the importance of “routine maintenance” for the company. Obviously there are things that you

My colleague, Haans Mulder, and I had the recent pleasure of speaking to a group of people about the nuances of planning to keep a home while a loved one receives Medicaid benefits. While the focus is often on preservation of the home sometimes it doesn’t make sense to continue paying for taxes, insurance, maintenance,

I had lunch with a group of officers from a local trust department, two of whom were investment managers. The subject came up of what to do with a client who has a high concentration of a single stock in their portfolio. The discussion was enlightening. Throughout my career I’ve noticed a common theme, which

Avoiding estate recovery while attaining Medicaid eligibility was reviewed in Medicaid Series Part 5. But protecting the home so the Medicaid recipient will have some inheritance to pass along comes with a few burdens. Although each situation is different, here are some questions to consider when preserving a home until a Medicaid recipient passes away.

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Although people refer to their pets as “members of the family”, “like our children”, etc., they are often overlooked when putting together a will, trust, or general durable power of attorney. Now, rest assured – if you already have an estate plan then you don’t necessarily have to change it. Michigan law considers pets to

You may have heard the Latin phrase “caveat emptor” meaning “let the buyer beware.” This is generally spoken as a warning to buyers to not expect much more out of a product than they were able to discover on their own before they bought the product. If nothing was promised, then nothing should be expected.

Many employers are struggling with the new higher salary requirements under the Fair Labor Standards Act (“FLSA”). The new law (going into effect December 1, 2016) effectively doubles the required minimum salary amount that must be paid. The old rule required a salary of $23,660 and the new rule requires a minimum salary of $47,476,

If you are a business owner, and are starting to think about transitioning the business to a younger generation, you might want to consider whether a deferred compensation agreement would help you attain your goals. Basically, a deferred compensation agreement is based upon the belief that a certain key employee is worth more to the

No one likes to pay taxes so getting a property tax break for one’s principal residence is popular. And taken for granted. And, given that we live where many people like to vacation, renting the home out for a couple weeks while you get away can seem like a good idea. Be aware though that