Basic Documents Everyone Should Consider
Do I Actually Need a Will if I Do Not Have Much? Yes. A will does more than distribute assets. It names an executor to handle your affairs, designates guardians for minor children, and directs how any property not otherwise covered by beneficiary designations should pass on to the people you actually intend to receive … Read more
COVID, EIDL DEBT, AND BANKRUPTCY: SOMETHINGS THAT BUSINESS OWNERS NEED TO KNOW
Several years ago, you took out a COVID EIDL loan to keep your business alive. Maybe it worked for a while. Maybe the business did not make it. Either way you may be burdened with a debt you cannot pay, and you just received a letter telling you the clock is running and threatening you … Read more
A Deed Named After a First Lady
An Estate Planning Tool Most People Have Never Heard Of Avoiding probate usually brings a living trust to mind first, but Michigan offers a simpler and often less expensive tool for one specific asset: the family home. The Lady Bird deed has quietly become one of the most popular estate planning devices in the state, … Read more
WHAT IS A §529 TUITION PLAN?
A big concern for many of our estate planning clients is how they can help their loved ones save for their college educations. While there are many ways one can accomplish this goal, §529 savings plans offer a tax advantaged way to pay for college tuition that saving up money in a normal bank account … Read more
A Will That Does Not Match the Person Who Signed It
A Will That Does Not Match the Person Who Signed It Family members sometimes look at a parent’s final will and see something almost unrecognizable, terms that favor one sibling dramatically, or provisions that seem to reflect a caregiver’s wishes rather than the person who supposedly wrote them. Michigan law provides a specific legal tool … Read more
The Importance Of Registering Residential Rental Properties As Rentals
It is becoming more and more common, in Michigan, that cities such as Royal Oak, Detroit, and Dearborn, require landlords to register their residential properties as rentals and get approval from the City prior to landlords renting the property to tenants. While this seems like a simple requirement, registering residential rental properties with the City … Read more
Do I Get To Keep My Stuff, If I File For Bankruptcy?
People are often concerned that they may have to give up their assets in order to qualify for bankruptcy protection. We are often asked, “Can I keep my things if I file for bankruptcy?” The short answer is yes…to an extent. Part of filing for bankruptcy protection entails listing all of your assets: everything … Read more
Questions to Ask a Tax Attorney Before Hiring in Troy
For tax year 2022, the IRS put the gross difference between what taxpayers owed and what they paid on time, known as the federal tax gap, at roughly $696 billion. Most of that figure is not fraud. It comes from ordinary returns with math errors, income left off, and balances that went unpaid when money … Read more
Why 2026 Tax Changes Affect Your Estate Plan
The federal cost-of-living adjustments for 2026 took effect on January 1. Many families read the headlines last fall, made a mental note, and never revisited their documents. With several months of the tax year still ahead, there is time to put the current rules to work before another set of adjustments arrives. The 2026 Federal … Read more
Trust Funding: The Step People Forget After Signing Their Trust
Our friends at Ellen Williamson Law, PC discuss how signing a trust document often feels like the finish line of estate planning. In reality, it’s closer to the starting point. A trust only controls assets that have actually been transferred into it, and skipping that step — known as funding — is one of the … Read more
Let’s Talk AboutYour Financial Future. Call For A Consultation.
For trusted help in matters of bankruptcy, estates, business, taxation or real estate, we encourage you to contact us for a no-obligation consultation. During our first meeting at our Royal Oak office, over the phone or via videoconference, you will be introduced to your main point of contact who will work closely with you throughout your case. We will take the time to listen to your story, answer your questions and develop a plan for success. No judgment, just advice geared toward your financial goals backed by decades of experience.
Please call 248-927-2755 or send us an email to learn more or to schedule an appointment. We look forward to serving you.
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