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Archive for June, 2009

Business Organization Shake-Up

Sunday, June 28th, 2009

The Michigan Court of Appeals recently turned business law on its head in their recent decision of Miller v. Allstate Ins Co, 275 Mich App 649, 739 NW2d 675 (2007), a case which involved businesses formed as a “Professional Corporation”. The problem is that, even though a business is eligible for, and might be, incorporated […]

Pay Now or Pay Later

Wednesday, June 24th, 2009

Many folks often wonder why the price difference between a will and a trust is so great. While there is no simple answer, the long and short of it is: You can pay now, or you can pay later. To fully appreciate the implications of this curt response, it would make sense to give a […]

Oh, It’s Worth It!

Monday, June 22nd, 2009

Kipplinger’s website periodically does an online quiz of “Is It Worth It?” wherein you’re asked financial questions on common expenses to determine whether, the expense is worth it. The most recent quiz, and illustrated on Yahoo’s Finance page was whether it was worth the expense of hiring an estate-planning attorney to draft your will. Obviously, […]

Fiduciary Fun for Fido

Monday, June 22nd, 2009

Our beloved pets cost us approximately $36.3 BILLION a year in grooming, health care, shelter, etc., yet they are often the last aspect of our estate planning that we consider. This, despite the fact that upwards of 70% of pet owners sleep with their pet! One provision which the Michigan legislature included in the Estates […]