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Retirement Contributions Update
November 3rd, 2011
The Internal Revenue Service recently announced the new dollar limits on benefits and compensation for defined contribution retirement plans, including 401(k) plans. The new limits will be effective for individuals as of January 1, 2012 and for all p…
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Michigan Legislators Expand Expungement Law
November 3rd, 2011
The Michigan legislators have amended the expungement law to enable more individuals with petty crimes committed at a young age to be eligible to set aside a criminal conviction. Before the amendment, very few individuals qualified to petition the co…
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Protect yourself from unethical debt collectors
February 16th, 2011
If you ever settled a debt with a creditor or debt collector, keep the documentation – forever. I am not exaggerating. It is the best way to protect yourself from future claims on the same old debt. Always get settlements in writing for dispute…
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Categories: Consumer and Commercial Debt Collection
Important Amendments to LLC Law
February 15th, 2011
The Michigan Limited Liability Company Act (“LLC Act”) was recently amended, and took effect on December 16, 2010. There were a number of changes, most of which involved basic fixes and clarifications to the law, but there were a few substantial…
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Congress Finally Acts on Estate and Gift Tax
February 14th, 2011
The tax billed passed by Congress in December contained some significant changes in the Federal Estate and Gift Tax laws. Although the Estate Tax ended for 2010, it was only a matter of time before Congress would restore the tax. For tax years 2011 a…
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Taking Care of the Final Details after a Divorce
November 19th, 2010
When the Judge signs the Judgment of Divorce, the marriage is officially over but often there is still work that needs to be done to finalize the process. Often these additional items are overlooked or put off for a later date and can come back to ha…
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Categories: Firm News
Recent Case Highlights the Need to Review Insurance Policies
November 19th, 2010
A recent Michigan Court of Appeals decision serves as a reminder that all insurance policies should be reviewed periodically to ensure compliance with the terms of the policy. Insurance policies are contracts, and insured parties must follow the term…
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Categories: Firm News
New Law Affects Gift Cards and Gift Certificates
November 18th, 2010
Many of us seem to end up with gift certificates and gift cards that we don’t use as soon as anticipated and have probably dealt with ones that have expired. New Federal regulations regarding pre-paid cards, gift cards and gift certificates took ef…
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Categories: Firm News
Single-Member Limited Liability Companies Under Attack
August 31st, 2010
The Olmstead case recently decided by the Florida Supreme Court is cause for concern about liability protection afforded by single-member limited liability companies (LLC). In a very surprising decision, the Court ruled that a judgment creditor could…
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Categories: Business Services
Medicare Rebate
August 31st, 2010
If you have Medicare prescription coverage and reach the coverage gap this year, you may be eligible to receive a one-time, tax-free $250 rebate check. The check will automatically be sent to you once you reach the coverage gap, also known as the Par…
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