Articles & News

Estate Plan Documents

What Is the Best Place to Store Estate Planning Documents? (and Why Safeguarding Your Estate Plan Is Essential)

Your estate plan protects your family, yourself, and your assets for the future. It represents an investment of significant time and energy. Now that you have it in hand, what should you do with it? Is there a best place to store estate planning docu… Read More
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Categories: Estate Planning
Checklist

Avoid Making Estate Planning Mistakes

The first mistake to avoid is not having an estate plan that includes a Will or a Trust along with a Durable Power of Attorney for Financial Matters and a Patient Advocate Designation. If you die without a will (die intestate), the State of Michigan… Read More
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Categories: Estate Planning

PROTECT YOURSELF AND YOUR FAMILY WITH AN ESTATE PLAN

How do you protect yourself and your family with an estate plan? Create a Will or Trust for transfer and management of your assets after death. If you don’t have a Will or Trust, the State of Michigan will determine how your assets will be distribu… Read More
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Categories: Estate Planning

Do you have an Adult Life Plan (an Estate Plan)?

An estate plan is a person’s “adult life plan”. Adult life begins when a person can vote, enter into contracts and make health care decisions for him or herself. Consequently, everyone needs to plan when they become an adult. Estate planning is… Read More
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Categories: Estate Planning

Important Steps To Take Before Looking For A Home To Purchase

Buying a home is one of the most important financial decisions you will make. It is exciting and hard not to rush into it. Before actively starting the home buying process, you should consider the following steps so you will not waste time and energy… Read More
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Categories: Real Estate

Thinking about selling your home “For Sale By Owner”?

Consider These Questions When Selling Your Home FSBO Selling your home, a house or condominium, by yourself (For Sale By Owner-FSBO) can save you thousands of dollars, usually about 6% of the sale price in commissions, but it requires work. Although… Read More
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Categories: Real Estate

Prince’s Death Shows the Importance of Estate Planning

Learning from Prince’s Death: Do your Estate Planning now. Prince did not have an Estate Plan – Here’s Why You should have one. The singer and artist Prince recently died without a will, trust or any other kind of an estate plan to pass… Read More
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Categories: Estate Planning

Backlog of Applications for State Real Estate Transfer Tax (SRETT) Refund

Due to the recent volume of applications for Michigan’s State Real Estate Transfer Tax (SRETT) Refunds, there is currently a 12 to 16 week delay in the processing of the applications by the Michigan Department of Treasury. Nevertheless, the backlog… Read More
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Categories: Real Estate

Are you entitled to a State Real Estate Transfer Tax (SRETT) Refund? - UPDATED

With lower property values due to the housing crisis a few years back, many homeowners are able to take advantage of an exemption contained in the Michigan Transfer Tax Act. Sellers who meet the following three (3) requirements are exempt from paying… Read More
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Categories: Real Estate

10 Questions to Ask When Purchasing a Condominium

All sales contracts for condominiums should include a provision that a buyer’s attorney is to review and approve the condominium association’s documents, including master deed, bylaws, minutes from most recent annual meeting, current financial st… Read More
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Categories: Real Estate