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New scholarship program created by $2 million estate endowment

On behalf of Galloway and Collens, PLLC | Jan 31, 2013 | Estate Planning

For many people in Macomb County, drafting a will represents a real opportunity to give something back to the community they care about. Early on in the estate planning process -- or even before it begins -- some individuals define a number of entities or...

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What to expect from the housing market in 2013

On behalf of Galloway and Collens, PLLC | Jan 30, 2013 | Real Estate Transactions

Our blog readers know how closely we've been following the housing market since the recession ended. Would it rebound as quickly as we hoped it would? Would prices ever reach acceptable levels again? How would both the personal and commercial real estate markets...

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With commercial real estate scarce, experts say it’s time to build

On behalf of Galloway and Collens, PLLC | Jan 25, 2013 | Commercial Real Estate

When the economy tanked in 2007, the United States was in the midst of what was to become the longest recession since World War II. But as the economy slowly began to rebound, consumer confidence grew lending aid to the boom in business ventures across the nation.For...

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City inherits historic property, plans to auction it off

On behalf of Galloway and Collens, PLLC | Jan 24, 2013 | Estate Administration

Working hard, saving and investing are good ways to prepare for the future. If those preparations include estate planning, someone will have to be in charge of handling the estate owner's assets after that person passes away. Estate administration can clear up any...

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Dip in home sales in December no reason for concern says experts

On behalf of Galloway and Collens, PLLC | Jan 23, 2013 | Real Estate Transactions

Even though the National Association of Realtors announced this month that it has noticed a 1.0 percent drop in existing home sales last month, many real estate experts say that this probably won't affect the overall growth the housing market has witnessed in the past...

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Trustees asked to improve disabled beneficiaries’ lives

On behalf of Galloway and Collens, PLLC | Jan 18, 2013 | Trust Administration

In many cases, trust beneficiaries are disabled, and Michigan residents who are in charge of trust administration may need to take steps to better a disabled beneficiary's life. In doing so, it's important to be aware of the legal rights of everyone involved. Readers...

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Tenants sue after enduring 7 months without gas for cooking

On behalf of Galloway and Collens, PLLC | Jan 18, 2013 | Landlord-Tenant Matters

As people here in Michigan are aware, landlord-tenant disputes can happen anywhere; and although many of them can be resolved without assistance from legal representation, some cases are simply too difficult to sort out without the help of a court judge.This will...

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Man tries to sell private island on eBay

On behalf of Galloway and Collens, PLLC | Jan 16, 2013 | Real Estate Transactions

An uninhabited, private island, wedged in Florida's Intracoastal Waterway, could be yours for only $459,000!Sound too good to be true? That's what many Michigan residents think as news sources have picked up the story of the bizarre property sale down in Florida. But...

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Out-of-state investors helping to boost commercial real estate

On behalf of Galloway and Collens, PLLC | Jan 11, 2013 | Commercial Real Estate

There's no doubt that commercial real estate market took a massive hit during the most recent recession. With so many companies going out of business, many shops and store fronts across the state, including here in Huntington Woods, were left vacant and unused.But...

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Inheritance and estate taxes remain a key part of estate planning

On behalf of Galloway and Collens, PLLC | Jan 10, 2013 | Estate Planning

Planning for inheritance and estate taxes is essential to ensure that your loved ones and beneficiaries receive the maximum amount of your assets when you pass away. Estate planning relies on careful knowledge of both tax implications and existing laws that can affect...

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