Business owners in Michigan have to contend with a lot. Most businesses, both large and small, are likely to be sued multiple times over the course of their lifetimes. If you want to avoid such lawsuits, it's wise to understand some of the most common reasons they...
When two business partners end up in a dispute, it can significantly harm the business. There have even been companies that have been forced to close because of this. That’s why it’s so important to find the right business partner when opening your company to begin...
Michigan residents sometimes make mistakes during estate planning. It's important to approach planning your estate with care and diligence. Below are five common mistakes that occur. Breakdown in communication You might tell your heirs how you plan to handle planning...
If you don't plan for your business's future now, obstacles that the company could theoretically overcome could result in its dissolution. For example, as the owner or an executive of the organization, you need to think about what would happen to the business if you...
Becoming a property owner in Michigan is exciting no matter the type of property or your ownership goals. However, it's important to perform due diligence before you sign a contract, especially if you're investing in commercial real estate. What is due diligence? Few...
Probate can be a confusing process when a Michigan resident dies and the estate's assets include a piece of Michigan real estate that is subject to a mortgage. Other types of debts need to be dealt with as well, both before the estate enters probate and while the...
Dynasty trusts are one of the most popular estate planning tools today. Dynasty trusts offer many benefits for families to help protect family assets in Michigan from probate and other estate taxes. Estate planning dynasty trust A dynasty trust is a type of estate...
For people in Michigan who are looking ahead to the possibility of needing Medicaid, it is important to understand how assets and income can affect eligibility. The rules can determine whether someone qualifies or what they need to do to qualify. Medicaid rules...
Many older adults in Michigan will eventually need extensive medical support as they age. Some people want to age in place and try to continue living in the same home in their golden years, which may require visits from nursing professionals. Others may have more...
If you're a Michigan investor, you may want to consider expanding your portfolio by investing in property. Many investors earn an incredible living by buying commercial real estate. Before you begin the purchase process, it's good to know what to expect. Buying...