October 9 is national Donor Advised Fund Day. Who knew?! It seems there’s a national day set aside for just about everything these days. (My personal favorite is Talk Like a Pirate Day, but I digress.) Americans have always been exceptionally gener…
Read More
Read More
It is a common misconception that adding a child to the deed for your home, thereby making that child a co-owner with you, is a good idea. After all, your home would then avoid probate at your death, right? Yes, true, but the many reasons NOT to make…
Read More
Read More
New FinCEN interim rule eases Corporate Transparency Act reporting for small businesses. You may recall that the Corporate Transparency Act (CTA), enacted to ferret out money laundering, originally required companies to report to the Financial Crimes…
Read More
Read More
Instances of identity theft, data breaches, and data leaks are skyrocketing. In 2024 alone, the number of victim notices sent by the top five most frequently compromised companies exceeded 1,081,796,000. Most of us have received at least one such vic…
Read More
Read More
What can be done about a beneficiary who does not want to accept an inheritance? One solution is to have the beneficiary formally refuse to accept the inherited property. If the beneficiary has not accepted any benefit from the property and signs a …
Read More
Read More
New real estate reporting rule affecting buyers The Financial Crimes Enforcement Network (FinCEN) has issued a rule intended to ferret out and deter money laundering in the U.S. residential real estate market. The rule requires certain information to…
Read More
Read More
People change their legal names for lots of reasons, most of which are not nefarious. It may be that they seek privacy or safety, that they are newly divorced, or that they have become estranged from their family. Or it may simply be that they dislik…
Read More
Read More
Have you ever wondered what happens when a family inherits property without a clear plan? Often, it leads to complications, especially when multiple family members become co-owners. To address these challenges, Governor Whitmer recently signed the Un…
Read More
Read More
As I write this article, Southeast Michigan is expecting up to four inches of snow, which means that snowplows and salt trucks will be out in force. “That’s nice,” you say, “but how does that affect me?” Well, it could make a difference to…
Read More
Read More
Year end is a time when we take stock in so many ways. We take a final look at our charitable giving and begin to prepare for tax season. We plan, shop, decorate, and otherwise get ready for the holidays. We have the furnace inspected and hire a snow…
Read More
Read More