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Understanding Step Up Basis

It’s tax time again. Last year in 2011 you sold dad’s house, which you received after dad died in 2010. Dad originally paid $5,000 for the property in the 1950s, but you sold it for $125,000, for a gain of …

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Online Life Continues Long After Death

If you were to die tomorrow, do you know what would happen to your online accounts? Like many other areas of the law the answer is, it depends. It depends on whether your survivors have user names, passwords or legal …

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I’m A Trustee What Do I Do Now

You may have been named as successor trustee of Mom or Dad’s trust. Do you really know what that entails? Do you know what your obligations are? As a successor trustee, your primary duty is to preserve and protect the …

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Your Pet’s Life Without You

You have a pet. Fifi your French poodle or Puff your cat has become part of your family. You couldn’t imagine what it would be like not having your pet. But, have you ever thought about what Fifi or Puff’s …

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Newlyweds Need Planning Too

You are about to get married or have just been married. Would you like your fiancé or new spouse to be able to make decisions for you if you became mentally incapacitated as a result of an accident or injury? …

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Unclaimed Property in Michigan

Have you ever received notice from your bank saying you haven’t had a deposit or a withdrawal out of that account in a number of years and if you do not do a transaction soon, they will consider that a …

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