Homeowner calculating principal residence exemption

It’s All in the Paperwork

Michigan homeowners can claim an exemption on the property taxes levied against their primary residence. The size of the exemption is not insignificant. If the “taxable value” on your notice of assessment is $150,000, for example, the “principa… Read More
Read More
Don't Sweat the Small Stu…

Don't Sweat the Small Stuff

I heard yesterday from a client who discovered that uncashed checks made payable to her deceased father were turned over to the state of Michigan as having been abandoned. In order to claim the funds, she must reopen dad’s probate estate and get ne… Read More
Read More
The Winds of Change

The Winds of Change

Sweeping retirement plan changes, intended to encourage retirement savings, were signed into law at the end of 2022. These changes are found in the SECURE 2.0 Act, a comprehensive piece of legislation rolled into the larger Consolidated Appropriation… Read More
Read More
Digital wallet on computer screen for managing digital assets

Cryptocurrency and NFTs in Your Estate Plan

Five years ago, cryptocurrency was probably not on your radar. Today, it may be an important investment in your portfolio. You could even own some nonfungible tokens (NFTs), which are powered by the same blockchain-based technology. Despite the dizzy… Read More
Read More
Crowdfunding and tax considerations

Crowdfunding: A Closer Look

“Crowdfunding” is a popular fundraising mechanism that uses websites to solicit contributions from the general public. Individuals organize crowdfunding campaigns to benefit charities or other people, and even to benefit themselves — typica… Read More
Read More
A Property Tax Tug-Of-War

A Property Tax Tug-Of-War

Retaining a principal residence exemption (“PRE”) can sometimes be tricky. (The PRE exempts a homeowner’s principal residence from property taxes levied for school operating expenses.) Naturally, the tax assessor wants to collect every tax doll… Read More
Read More
Land of the Free, Home of…

Land of the Free, Home of the Brave

Yesterday, we took time as a nation to honor the valor and sacrifice of the men and women of the armed forces who lost their lives defending the freedoms we are blessed to enjoy. We at Wright Beamer hope you had a chance this past weekend to celebrat… Read More
Read More
Before You Hit

Before You Hit "Record"

Have you ever recorded a conversation or shared a conversation that you’ve recorded? If the answer is “yes,” there’s a chance you may have committed a crime! In Michigan, it’s a felony to use a device to record or transm… Read More
Read More
Curve Ahead (Maybe)

Curve Ahead (Maybe)

The Michigan Secretary of State (“SOS”) has thrown us a curve. For as long as I can remember, it was possible to title a motor vehicle in the name of a trust. This was routinely done when a vehicle owner’s estate was being probated after death.… Read More
Read More
Do Not Just 'Set It and F…

Do Not Just 'Set It and Forget It'

Estate planning is not usually a one-and-done deal. The estate plan you sign today may fit beautifully now, but over time changes in the law or in your circumstances could render your plan obsolete. Here are some recent examples to illustrate my poin… Read More
Read More