Articles & News
Avoid Making Estate Planning Mistakes
July 30th, 2019
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…
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Categories: Estate Planning
Do you have an Adult Life Plan (an Estate Plan)?
August 28th, 2017
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…
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Categories: Estate Planning
Important Steps To Take Before Looking For A Home To Purchase
May 18th, 2017
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…
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Categories: Real Estate
Thinking about selling your home “For Sale By Owner”?
January 10th, 2017
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…
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Categories: Real Estate
Prince’s Death Shows the Importance of Estate Planning
November 15th, 2016
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…
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Categories: Estate Planning
Backlog of Applications for State Real Estate Transfer Tax (SRETT) Refund
August 3rd, 2016
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…
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Categories: Real Estate
Are you entitled to a State Real Estate Transfer Tax (SRETT) Refund? - UPDATED
September 29th, 2015
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…
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Categories: Real Estate
10 Questions to Ask When Purchasing a Condominium
June 18th, 2015
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…
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Categories: Real Estate
Top 10 Mistakes When Selling or Buying a Home
February 17th, 2015
1. Improperly completing a Seller’s Disclosure Statement There are many cases where a seller does not properly disclose information about the property on a Seller’s Disclosure Statement. This can lead to a buyer making a claim against the seller…
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Categories: Real Estate
New Property Tax “Uncapping” Exemption Will Help Keep Your Home, Vacation Property or Cottage in the Family
January 28th, 2015
Michigan has a new law, Public Act 310 of 2014, which has expanded the transfer of residential property to and from certain family members, trusts and probate estates, without causing the taxable value of the property to be “uncapped”. This is gr…
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