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Reopening Your Business

Reopening Your Business

As of this writing, all of Michigan is subject to Governor Whitmer’s latest stay-home order, which is set to expire on May 28, 2020. The latest order has given some businesses the go-ahead to resume operations, while others eagerly await their turn. Here are some...

Cares Act Highlights to Know

Cares Act Highlights to Know

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law by President Trump on March 27, 2020. The CARES Act is the largest economic stimulus package in U.S. history. In light of its overwhelming size and scope, the following are a...

Marital Deduction Trusts

Marital Deduction Trusts

Marital deduction trusts used to be a very popular estate planning tool for married couples whose gross estate would potentially be subject to federal estate tax. Such trusts allowed married persons to effectively double the federal estate tax exclusion. Being subject...

Business and Personal Income Taxes

Business and Personal Income Taxes

The “Tax Cuts and Jobs Act” was approved by Congress and went into effect on January 1, 2018 making significant changes to business tax and personal income tax starting with the 2018 tax year. For businesses, the maximum corporate tax rate for C corporations was cut...

Prenuptial Agreements in Michigan

Prenuptial Agreements in Michigan

For many years now Michigan has respected the right of marital partners to waive the statutory rights that are conferred upon them upon the death of a spouse. For example, if a spouse dies and leaves by their Will all of their assets to their children, the surviving...

Can A Child be Disinherited

Can A Child be Disinherited

In a letter to Ann Landers a writer from Manasota, Florida wrote to deliver a message to children and grandchildren: "YOUR INHERITANCE IS NOT AUTOMATIC. IT'S A GIFT." When it comes to estate planning, many people feel this way, and they have their reasons. But can you...

Felonies from Facebook Posts?

Felonies from Facebook Posts?

Anyone who is active on social media (Facebook, Twitter, etc.) has probably regretted something they posted online at one time or another. However, for a Bay City woman, her regret comes along with a felony conviction. Rene K. Kolka posted some derogatory comments...