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If you have a Michigan loved one with special needs, it is important to plan for their future. One of the best ways to do so is by creating a special needs trust and naming them as a beneficiary. Understanding a special needs trust This is a type of trust created...
Many property owners purchase commercial real estate as an investment. On an individual level, commercial real estate can be a reliable source of income, as commercial leases often last for multiple years and allow you to collect all of your maintenance costs or pass...
If you're creating an estate plan in Michigan, you may want to utilize a living trust. This action is an excellent way to keep your assets out of probate, which can be a costly and time-consuming process. Choosing this option means you can have your estate managed by...
They say timing is everything when going after your goals; hence, if you have a business idea in mind, you need to find the perfect time to start it. While your moment will depend on your unique circumstances, some tell-tale signs for kicking things off are as...
Adult children often take the lead in helping parents with estate planning. Parents often need help with estate planning but do not want to ask family members for help. Discussing end-of-life plans and wills is difficult for family members. Don't delay a conversation...
The business that you start in Michigan can take a variety of forms. You can choose between a sole proprietorship, LLC, and several types of corporations. It will be up to you and your partners to decide the ultimate form that your new venture will take. If you choose...
Choosing an executor can be a daunting task. While your will can include multiple moving parts, finding a trustworthy individual who can act on your requests requires thoughtful consideration. You may love and care for your family. However, that doesn't mean all your...
When you are starting a business, there are a lot of things to think about. One of the most important decisions you will make is how to structure your employment relationships with your employees. There are several different types of employment contracts that you can...
Starting a new business comes with all sorts of decisions to make that can have a huge impact on the future success of your enterprise. One of the most impactful decision you will have to make is the type of business structure under which you will register your...
You may be wondering when is the right time to talk to your loved ones about procuring Medicaid. If you live in the state of Michigan, you can get the details about this program from a local health care provider. This is a program that has been set up to meet the...