» LeClair L. Flaherty

Jumping Through Hoops

Jumping Through Hoops

One of the beauties of setting up a corporation is the protection you get from personal liability for company debts. One of the headaches that flows from setting up that same corporation is the extra paperwork required to properly maintain it – and… Read More
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Prove It!

Prove It!

Earlier this month, the Michigan Court of Appeals clarified the standard of proof that must be met in determining whether a conservator has breached the fiduciary duty he or she owes to the individual whose assets are being managed under the conserva… Read More
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A Lesson Learned

A Lesson Learned

A friend of mine gave me permission to share her story in the hope that it would be helpful to others. Her brother, a single man, was recently found dead in his Florida apartment. Sadly, no one in his family knows where he banked. They do not know hi… Read More
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Holiday Reflections

Holiday Reflections

The winter holiday season is important to so many of us for its wealth of traditions and meanings, and for its warm memories. When I was little, Christmas day was wondrous. There were lots of wrapped presents deposited under our tree before Christmas… Read More
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'Tis the Season

'Tis the Season

Many nonprofits depend on year-end giving to survive, and this year those donations will be more important than ever as many fund-raising events have been either cancelled or are taking place virtually, often with reduced success. If you are in a pos… Read More
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It May Be Time for a Chec…

It May Be Time for a Checkup

There’s a lot of buzz lately about federal estate tax. Currently, we can each pass down $11,580,000 to the next generation free of estate tax. This tax exemption increases annually with inflation, but it will be cut by more than half at the end of… Read More
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Getting It Done

Getting It Done

Covid-19 has us all on edge. One way that I see this anxiety play out is in the increased number of calls we’re receiving from people interested in implementing or updating estate planning documents like wills, trusts and powers of attorney. One fr… Read More
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A Gift That Truly Keeps o…

A Gift That Truly Keeps on Giving

I often meet with estate planning clients who want to help their children, grandchildren, or other young ones out financially. It’s usually through gifts for education or health-related needs, or perhaps with money to buy a home or car. No client h… Read More
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Thinking Outside the Box

Thinking Outside the Box

Covid-19 is causing anxiety on just about every level. One way I see it playing out is in people preparing their own estate plan documents because they fear the worst should they catch the virus, but they think the “stay home, stay safe” orders p… Read More
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New Guidelines, New Norma…

New Guidelines, New Normal

In order to further slow the spread of COVID-19, Governor Whitmer has replaced her initial “Stay Home, Stay Safe” order. The new executive order, which is effective through April 30, maintains the limitations of the previous order, makes a few cl… Read More
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