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Estate Planning

FAQ about the Michigan Fiduciary Access to Digital Assets Act

Posted on May 1, 2016
Michigan recently passed the “Fiduciary Access to Digital Assets Act,” which will become effective on June 27, 2016. The new law is a much needed update to match Michigan estate planning rules with the realities of our digital and electronic lives. It used to be that when a parent passed away, or needed help with ... CONTINUE READING

New Michigan Law Allows for Funeral Representative Designation in Estate Planning

Posted on April 25, 2016
The State of Michigan recently passed a new law (which will become effective on June 27, 2016) that allows you to name a funeral representative, who is a person with the authority to make decisions regarding your final arrangements and resting place after death. We believe this is a much needed update to existing Michigan ... CONTINUE READING

How the DOJ’s New Regulatory Framework for Gun Trusts Managed to Strike a Reasonable Balance

Posted on January 27, 2016
On January 15, 2016, the Department of Justice (DOJ) issued a final rule that fundamentally changed the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) regulatory environment for items that are manufactured and transferred under the National Firearms Act (NFA) – namely: automatic weapons, silencers, and suppressors. But amongst all of the recent gun control ... CONTINUE READING

Should I Transfer My Michigan Vehicles to My Trust?

Posted on January 5, 2016
If the total value of your vehicles is less than $60,000 and you are fine with your surviving spouse or heirs receiving the automobiles, we generally do not recommend transferring the titles to your vehicles in Michigan into your recovable trust as part of your estate plan, for the following reasons: There is a specific ... CONTINUE READING

Michigan Real Estate Tax – UPDATED New Transfer of Ownership Rules

Posted on October 23, 2014
At the end of 2013, Michigan added a new real estate tax law that said a transfer of residential real property is not a transfer of ownership for purposes of real estate tax uncapping if the buyer and seller are related by blood or affinity to the first degree. There were 2 main questions that ... CONTINUE READING

Top 4 Reasons You Haven’t Created an Estate Plan Yet

Posted on October 10, 2014
1. I’m too busy to think about an estate plan, and I won’t die tomorrow anyway. This is a very understandable feeling most people have about finally sitting down to think about the inevitable. We all lead very busy lives, and thinking about scary things like disability and death get pushed to the bottom of ... CONTINUE READING

Does the Age of Your Estate Planning Attorney Matter?

Posted on August 18, 2014
Finding an estate planning attorney that you trust is very important.  Finding an estate planning attorney that will still be practicing law years down the road when you pass away may be just as important. Estate Planning attorneys do work for you now, while you are still alive, but did you know one of their ... CONTINUE READING

Michigan Real Estate Tax – New Transfer of Ownership Rules

Posted on February 22, 2014
Oct. 2014 Update – Michigan has passed a new law expanding the categories of persons who can take advantage of this uncapping exemption. Michigan added a new real estate tax law beginning in 2014 that says a transfer of residential real property is not a transfer of ownership for purposes of real estate tax uncapping if the buyer ... CONTINUE READING

Michigan Pet Trusts Lawyer

Posted on August 31, 2013
What will happen to your beloved pets when you pass? It is becoming more and more common that special arrangements be made for our four-legged friends before we die. Known as a pet care trust or animal trust, this legal document provides for continued care and maintenance of domesticated pets in the event of an owner’s ... CONTINUE READING

What Is A Gun Trust? The Legal Alternative

Posted on August 1, 2013
UPDATE (January 15, 2016): The federal government issued a final rule today, to be effective in July, 2016, that modifies the below analysis. Trustees and responsible persons of a gun trust will now have to submit fingerprints and be subject to a background check when submitting an application to the ATF, but CLEO approval is ... CONTINUE READING