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An estate plan is a document that outlines your wishes for your property and assets after you die. Without a proper estate plan in place, the courts may decide what happens to your property, and this may not be what you want. The question is, how can you create a good...
The loss of a loved one can be a devastating emotional time for the surviving heirs. For an individual identified as the executor, however, emotional turmoil can quickly turn into financial turbulence and family strife. Even for the well-intentioned, it can be...
Medicaid was established in 1965 as a healthcare program that assists low-income individuals to receive medical care. Many senior citizens depend on Medicaid to cover the cost of long-term nursing home care. If you're a Michigan resident, here are some important...
Mergers and acquisitions are some of the most common kinds of business transaction in Michigan, and the sheer size of these deals means that they require great scrutiny. Due diligence is a critical part of information verification to ensure that all parties are...
In Michigan, as in other states, estate planning is one of the most important aspects of general financial preparation. However, most people are under-prepared in this area and are not aware of all the documentation that they need to have a complete estate plan....
Contracts are the foundation of business in America. Every valid contract requires that all parties receive consideration. When it comes to non-compete agreements, that can be a little confusing. How do employees benefit? Arguably, for one thing, employers are more...
Written contracts are one way that you can ensure both you and the other party involved have the opportunity to understand what your agreement includes. It can also protect you if the other party decides to act against what you had both decided. Unfortunately, many...
It's easy to imagine executives at corporate giants grooming successors and worrying about the legacy they're leaving behind. However, succession planning is actually important for businesses of every size in the Detroit, Michigan, area. Without a plan for how to pass...
If you fail to live up to the terms of a valid agreement, a Michigan judge may find you to be in breach of contract. The types of penalties that may be levied against you depend on whether the breach was considered to be material in nature. There are several defenses...
Even if you plan on running your Michigan company for years to come, it is important to have a succession plan in place. Having such a plan can make it easier for the business to survive if you should be forced to step down suddenly because of an injury, illness or...