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When building an estate plan, you likely have various factors to consider that can impact the distribution of your assets. One often overlooked aspect is the potential influence of Medicaid on your estate. Understanding how Medicaid works and its implications for your...
The Michigan Business Network reported increases in commercial property vacancies for industrial and retail use were down in the first half of 2023 over the last half of 2022. Despite this downturn, commercial real estate can be a great investment. However, it is much...
One of the many difficulties small business owners in Michigan face is commercial disparagement. This issue involves defamatory remarks or false statements about a business or its products and services. This tort is also sometimes known as business disparagement,...
Every day, Michiganders enter the Michigan probate process. The outcome depends upon whether an estate plan was put in place. How probate can cause problems with heirlooms Probate is a legal process that an estate enters after a person's death. When there is no will...
Business law can be complex in the state of Michigan. Corporate bylaws, for one, can be quite confusing for a layperson to understand. Their purpose may not be clear to most people, even those considering taking their companies public. However, they are absolutely...
Estate planning involves essential duties that anyone interested in transferring assets to beneficiaries may wish to pursue. Contrary to what some may assume, even those persons of modest means could benefit from drawing up estate plans. Also, there aren't necessarily...
Planning for the future is an act of love and consideration for loved ones. Regarding estate planning, taking steps to minimize probate hassles can provide peace of mind for everyone involved. 1. Clear and specific beneficiary designations One effective way to...
If you're considering a merger or an acquisition in Michigan, you may want to double check that all facts are correct before finalizing a deal. You are more likely to make the right decision when you do your due diligence. Before you merge with or acquire a business,...
It's not uncommon for adult children to serve as a parent's executor. However, if you are asked to oversee your mother or father's Michigan estate, it's important that you understand what your duties are. It's also important to understand that you have the right to...
In Michigan and other states, commercial real estate owners may benefit from new legislation that makes it easier to discharge qualified real estate debt from loan modifications or debt workouts. The House of Representatives has introduced the bill H.R. 5580 to help...