February 2013

Planning the distribution of assets to stepchildren

An estate plan involves the use of legal instruments such as wills and trusts to distribute the assets of an estate. Many families are blended from more than one biological family, so estate planning often involves stepchildren. Readers in Oakland and Mccomb counties will want to learn more about planning

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Michigan church ordered to surrender endowment to school

Incorporating an endowment into an estate plan allows Michigan residents to lend financial support to cherished foundations beyond the planner’s own lifetime. Estate planning strategies typically include establishing specific conditions to preserve assets, regulate distribution and prevent inappropriate spending. A recent dispute involving a Michigan church demonstrates the role a

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Saving money in 2013 by negotiating your lease

Imagine that you are a renter-or maybe you already are one-at a Michigan apartment building. You love your unit; it has everything you could want as far as amenities, as well as a few extras you didn’t think you would end up liking. But your rent has increased since the

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Celebrity actress moves to hotel to avoid eviction

Readers of our blog know that we often times try to steer away from celebrity gossip unless we know that a story relates to the residents of Michigan. For apartment tenants in Huntington Woods and beyond, this next story could make some people reread their lease agreements and be leery

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Rare half-cent coin hidden for 50 years sells for $357,000

High-value assets can be good investments. However, passing along such assets to family members or beneficiaries is not always simple. When a person dies, an inventory must be made of both debts and assets. Any debts must be paid before the intended recipients can inherit from an estate. Proper estate

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Old buildings, new purposes: Renovating Michigan’s past

Many Huntington Woods residents don’t usually think about the goings-on in the Upper Peninsula unless we’re making plans for a vacation getaway. But when the Keweenaw Peninsula isn’t being visited by vacationers from the Lower Peninsula, many of the towns up north are thriving communities; this could be due in

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