When you go on a trip, you always seem to see lots of jewelry stores at your vacation destinations, especially in the Caribbean. Why is that? Think about it. There are multitudes of new potential customers every day. Because they …
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Keeping Home in Family Easier
Starting January 1, 2015, keeping the home in the family has become easier. Many family transfers will no longer result in the uncapping of the property taxes, making the property more affordable for the family. Since Michigan adopted Proposal A …
Taxation of Tax-Advantaged Accounts
My daughter Elizabeth recently graduated from college and in a couple of weeks will begin her first “real” non-temporary job. For the first time in her life, Elizabeth will be able to sign up to participate in an employer retirement …
Protect Yourself From Medicare Fraud
There has been a lot a talk lately in the news about Medicare fraud. But how do you protect yourself? Before we can talk Medicare fraud, we have to discuss Medicare. Medicare is federal major medical insurance program principally for …
Savvy Saving for Yourself
You have worked hard all your life. You scrimped and saved. You sacrificed to provide for your family. The kids are out of the house and on their own. You have saved a tidy sum. You do not seem to …
Downsize and Simplify
You are still living in the home in which you raised the kids. It is the family homestead. You have lots of memories in that home. The kids moved out decades ago. You do not use or need the other …
Diversify With Real Estate
You have your CDs, stocks, bonds and mutual funds. Real estate is one way to diversify your investment portfolio. There are still some bargain deals out there and you have always wanted to be a landlord. Just like with any …
Separate Trusts Offer More Benefits
Last week, I attended and was one of the speakers at the three day 55th Annual Probate & Estate Planning Institute sponsored by the State Bar of Michigan and the Institute for Continuing Legal Education. This conference focuses on the …
Estate and Trust Administration Legal Fees
A loved one has passed away. You may have been named the personal representative of the estate or successor trustee of the trust. You have never had this job before and you now have to hire an attorney to administer …
What Do We Do With The Car
You have a car in your garage. Have you ever thought about what is going to happen with your car after your death? The answer is the typical legal answer, depends. If your car is in your sole name, the …