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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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