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Under a state statute, the Michigan Seller Disclosure Act (SDA), every seller of residential real estate that includes between one and four dwelling units is subject to specific disclosure requirements. The law applies to many types of residential re…
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When you consider buying or selling a home, one of the first decisions you need to make involves whether to use a real estate agent. Since most buyer and seller agents use exclusive agreements which limit your rights in the sale or purchase of your h…
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If you do not have a Last Will and Testament or an estate plan, your family and loved ones will likely encounter problems when you die — and possibly during your lifetime as well. Some of those problems may not be easily resolved. They can create t…
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Living trusts are a valuable estate planning tool. But a living trust is not appropriate for everyone or every estate plan. If you consider making a living trust part of your estate plan, your first step is to understand how a living trust works and…
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The ready availability and intense marketing of online services that create a Last Will and Testament, Trust, and other legal documents may make it tempting to bypass talking face-to-face with a lawyer and create your own estate plan. Unfortunately,…
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The tradition of making New Year’s resolutions goes back more than 4,000 years. Today, studies indicate that about 40% to 50% of us make promises to improve as the calendar turns over to January 1. For 2020, your resolutions should include creating…
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The end of the year provides wonderful opportunities for celebrating holidays with family and friends. While you enjoy the festive atmosphere, it’s also a good idea to give some thought to year-end planning concerns, especially those relating to re…
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Wills and trusts are the core documents in an estate plan. Most people have a general understanding of the nature of a Will. Trusts are more complicated than Wills for a number of reasons and often are somewhat confusing to individuals creating an es…
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Individuals often think that if they make a Will, it means they have an estate plan — but that actually is a common misconception. While your Will is part of an estate plan, it is only part of a complete estate plan. In the discussion that follows,…
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If you are thinking about buying or selling a home, you should learn about the For Sale By Owner process. FSBO (pronounced fizz-bow) is very popular in the City of Ann Arbor and throughout Washtenaw County. If you are a seller, you might want to cons…
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