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Should I Transfer My Michigan Vehicles to My Trust?

Posted on January 5, 2016 in Estate Planning
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 revocable trust as part of your estate plan, for the following reasons: There is a specific ... CONTINUE READING

Ami Gongalski and Adam Zuwerink Receive CFMC and CCCM Certifications from NCMA

Posted on November 6, 2015 in Business Law
West Michigan Law, P.C. is proud to announce that Manager Ami Gongalski earned certification from the National Contract Management Association (NCMA) as a Certified Federal Contracts Manager (CFCM), and Attorney Adam Zuwerink earned certification as a Certified Commercial Contracts Manager (CCCM). The NCMA professional certification program is designed to elevate professional standards, enhance individual performance, ... CONTINUE READING

IRS Announces 2015 Retirement Plan Limits

Posted on November 4, 2014 in Business Law
The IRS has announced the 2015 cost-of-living adjustments for retirement plan related limitations, with almost all of the most watched figures increasing slightly from 2014.  The 401(k) deferral limitation increased from $17,500 to $18,000 (the additional catch-up contribution limit for those over 50 increased from $5,500 to $6,000), the annual defined contribution plan maximum limit has increased from ... CONTINUE READING

Michigan Real Estate Tax – UPDATED New Transfer of Ownership Rules

Posted on October 23, 2014 in Estate Planning
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 in Estate Planning
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 in Estate Planning
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

What You Should Know About the Home Closing Process in Michigan

Posted on August 16, 2014 in Legal News
Attorney Adam Zuwerink recently completed an interview for MichiganHomes.com about the real estate closing process in Michigan. Unlike many other states, Michigan does not require an attorney be involved with residential homes sales. But even though Michigan real estate brokers and title companies handle most residential closings, there is still a role to play for attorneys ... CONTINUE READING

Another Crack in the WOSB Glass Ceiling

Posted on June 2, 2014 in Business Law
The federal government admitted they fell short in awarding women-owned small businesses their “piece of the government contracting pie.” In 2012, the federal government awarded only $16.1 billion in federal contracts to women-owned small businesses (WOSB).  Attention is turning toward WOSBs on many levels, as the government puts a plan in place to fix this ... CONTINUE READING

Michigan Real Estate Tax – New Transfer of Ownership Rules

Posted on February 22, 2014 in Estate Planning
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 Real Estate Tax Exemption for Disabled Veterans

Posted on December 10, 2013 in Legal News
Update 8/26//14 – The Michigan State Tax Commission has published a new document titled P.A. 161 of 2013: Disabled Veterans Exemption – Frequently Asked Questions, which is a comprehensive guide to the timing of when disabled veteran’s are allowed to claim the exemption.   The State of Michigan recently passed a law allowing for disabled veterans who ... CONTINUE READING