Retirement Plan and IRA Updates

Required Minimum Distributions resume in 2010 – Although Congress suspended the requirement that Required Minimum Distributions (RMD) be made in 2009 as a result of the economy, it does not appear that Congress will continue this benefit for 2010 a… Read More
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The Congress Created Estate Planning Dilemma

Once again, our friends in Washington D.C., in their infinite wisdom, have created a real mess by not acting in a timely manner. Most experts felt that Congress would act before the end of 2009 to deal with the Federal Estate Tax law and expiring tax… Read More
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Guardianships

If you are in a position to be a guardian of another person, it is important to understand what you are getting into. While it is a huge responsibility, it can be extremely rewarding knowing that you are helping someone who can not help themselves. U… Read More
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August is Make-a-Will Month

Do you and your family have appropriate estate plans? A will or revocable living trust are the cornerstones on which family members and loved ones build financial security after your death. Additionally, Durable Powers of Attorney and Patient Advocat… Read More
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Categories: Estate Planning, Wills

Majority of Adults Do Not Have a Last Will and Testament

Do you have a will? If your answer was no, you’re not alone. According to a 2007 survey by Harris Interactive, 55 percent of all adult Americans do not have a will. The survey found that most adults who do not have any of the basic estate plann… Read More
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Categories: Estate Planning, Wills

Tax Update - Extension of Michigan Real Estate Transfer Tax

The Michigan real estate transfer tax (“MRETT”) has been extended to contracts for the transfer or acquisition of an outstanding interest in an entity if the real property owned by that entity is 90% or more of the entity’s fair market value. H… Read More
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Majority of American Adults Do Not Have Wills

Do you have a will? If your answer was no, you’re not alone. According to a 2007 survey by Harris Interactive, 55 percent of all adult Americans do not have a will. The survey found that most American adults who do not have any of the basic est… Read More
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Categories: Estate Planning