People trying to sell their homes in Michigan within the last few years can tell you how difficult it’s been. After the housing bubble burst, property value dropped drastically giving the nation’s housing market the lowest prices it’s seen in several decades. A majority of the people across the nation
Estate planning can be a complex process, and when the assets involved in an estate are of high value, it’s especially critical to understand all the ways taxes can affect one’s estate. That’s especially true as 2012 comes to a close, because major changes in gift and estate laws for
For people in Michigan, we’re used to city skylines changing. We’re used to seeing buildings go up only to be torn down decades later to become something new. And with space at a premium in most major cities, re-using existing space has become the new poster child for the motto:
In Michigan, and other states across the nation, the recession not only affected people but businesses as well. Many struggling business owners found it difficult to keep their shops open thus adding to the bleak outlook for the market. For many towns, even malls took huge hits, with big name
A conservatorship can be a useful tool for families who have a loved one who may no longer be able to make decisions in their own best interests. Usually these situations arise from an elderly person who may be suffering from dementia, such as Alzheimer’s disease or someone who has
When the city of Grand Rapids sold the Comerica building to the Chicago-based real estate firm Franklin Partners, the city knew that they would be needing parking spaces for all of the new employees that would be working in the building. Originally, 275 parking spaces were leased out in July
During the recent recession, hundreds upon thousands of people in Michigan and across the nation watched as housing prices plummeted. With people foreclosing on houses left and right it seemed that it was going to be a buyer’s market for quite some time. But now, with the rate of new
The estate of former Michigan resident Jack Kevorkian recently settled with a museum over the ownership of artwork painted by notorious doctor. Having a trustworthy executor who can solve legal disputes such as these during estate administration is important. The dispute arose when the estate sued the Armenian Library and
When you go hiking in the woods, generally there are no paths, there may not be any signs to guide you on your way and usually you’re navigating without a map or a sense of direction. You know the road ahead will be dangerous, there will be risks, and sometimes
With winter fast approaching, many hockey and skating enthusiasts in the state of Michigan are already coming up with ideas for this year’s backyard ice rinks. For many avid fans of winter, there may even be plans to make a rink large enough for the entire neighborhood. For six years,
When a person owns substantial assets, a will or trust can play an important part in the distribution of these assets. However, some people would prefer a more complex estate plan than simply passing on their assets to their children or partner. If someone gives assets to a charity, either
In many states, including Michigan, renting from a property owner requires that certain documents be filled out and that appropriate identification be presented. Real estate attorneys across that states all agree that it is important to read through lease agreements thoroughly before signing them. But what happens when a landlord
In the wake of a particularly rough recession, families in Michigan and across the United States have seen everything from lost jobs to lost homes. When the housing market dipped to its all time low recently, home foreclosures forced many families to choose renting over ownership. For the past two
As we discussed a few weeks back, online or digital assets can be problematic for some Michigan residents as people increase their online presence, the amount of information they access and store online grows. The growing use of email and paperless bill paying has created a situation where vital records
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