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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 …
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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…
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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…
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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…
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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…
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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…
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If you had to recite the basic rules of the road regarding school buses, could you do it? Based on what I occasionally see and what Michigan school bus drivers say they see on a weekly basis, I’d say a few of us could use a refresher. On that n…
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We have posted previously about the reporting requirements of The Corporate Transparency Act (read more here), which was signed into law on January 1, 2021. Commencing January 1, 2024, existing and new corporate and related entities, if not exempt, m…
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In a 4-3 decision last week, the Michigan Supreme Court reinstated two state laws passed in 2018: the Improved Workforce Opportunity Act (IWOWA) and the Earned Sick Time Act (ESTA). IWOWA required significant increases in minimum wages, and ESTA mand…
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In a U.S. Supreme Court term noted for big decisions, the high court handed down one of the biggest at the very end of its term in late June. In Loper Bright Enterprises v. Raimondo, the Court dealt a death blow to a 40-year precedent that had become…
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