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What does it take to void a trust agreement? If the creation of a trust is born out of nefarious circumstances, there may be grounds to void it in its entirety. The law allows individuals to invalidate a legal transaction if there is fraud, duress, o…
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Entrepreneurship in Michigan has experienced significant growth in recent years, driven by public and private initiatives aimed at fostering innovation and supporting small businesses. According to the Michigan Center for Data and Analytics, as of th…
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Wright Beamer joins in celebrating National Small Business Week! Small businesses account for nearly half of all private sector jobs in the United States. Behind almost every storefront, office, and online retailer is a story of hard work, risk-takin…
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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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Losing a loved one is stressful, and the prospect of navigating probate can be overwhelming. In Michigan, the Estates and Protected Individuals Code provides an alternative to probate for small estates not exceeding $50,000.00. In these cases, an aff…
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To paraphrase Benjamin Franklin, the only certainties in life are death and taxes. Ancient Egyptians paid a portion of their agricultural production to finance the pyramids. King John’s barons, tired of funding his unsuccessful wars with France, fo…
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As we can put the first quarter of 2025 behind us, and the elongated winter weather is finally breaking into spring, you may say to yourself, “I need a vacation.” What to do and where to go can always be a fun exercise when planning your next adv…
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The U.S. Equal Employment Opportunity Commission (“EEOC”) recently announced the appointment of Commissioner Andrea R. Lucas as Acting Chair of the agency. Lucas has served as an EEOC Commissioner since 2020, having been nominated by President Tr…
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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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Television shows like Succession and a newly released book on Rupert Murdoch’s family dramatize the inherent challenges involved for business owners developing and implementing plans to sell or transition ownership of their businesses. Last week, I…
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