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…
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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…
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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…
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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…
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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…
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Ray Randolph is a well-known and highly respected Southeast Michigan businessman. His is a face I look forward to seeing at every Greater Farmington Area Chamber of Commerce event I attend. His affable spirit and booming voice lift me up every time.…
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There is a retirement savings crisis looming in America. Not only are we living longer, but according to Northwestern Mutual, a third of those approaching retirement age have less than $25,000 socked away in a retirement plan. Further, the U.S. Burea…
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Have you ever searched your name or the name of a loved one on the Michigan Unclaimed Property webpage? We always do a name search when a family retains our firm after a loved one has died, and I even search my own name every few years. The Unclaimed…
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You may have noticed that the IRS has been pushing us more and more toward electronic filings, as opposed to paper. Up until now, most nonprofits have escaped that push. That exemption from electronic filing requirements vanished this summer, however…
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Michigan courts have authored several landmark decisions having national significance. One of the most famous is Pond v. People, which clarified the principle of self-defense and the defense of others. In 1859, Augustus Pond and his family spent the…
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