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FHA Reverse Mortgage Rules Change

It is reported that almost every reverse mortgage that is in an amount under the Federal Housing Administration (FHA) limit ($679,650 in 2018), is a federally insured Home Equity Conversion Mortgage (HECM). Because of this, we will be limiting our …

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Quit Claim Deeds Rarely the Best Choice

I had a client in this week for her annual review of her fully-funded trust-based estate plan. She asked me about other types of planning by acquaintances about which she has become aware, and the issues that may arise as …

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Top Five Estate Planning Questions

Because of all the estate planning that we do, we get a lot of estate planning questions on a daily basis. In today’s column we are going to discuss the top five estate planning questions that we regularly get in …

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Keeping the Family Cottage in the Family

You own the family cottage, farm or waterfront property that you and your loved ones have enjoyed for years. You want your loved ones to continue to enjoy the property after you are gone. Is there something that you can …

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Preventing Uncapping Property Taxes

Property tax assessments seem to be going up and up. Local tax assessors are on the lookout for opportunities to “uncap” property assessments, which increase the property taxes on your real estate. Since Michigan adopted Proposal A in 1994, the …

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