Wealthy individuals might maintain an estate that is worth a considerable amount of money, and the tax concerns associated with great wealth do not go away with someone's passing. Heirs and beneficiaries may be dealing with significant tax burdens when the time comes...
Month: December 2020
How to know when it is time to update and estate plan
This blog has discussed the importance of having a comprehensive estate plan and knowing what to include in it. Also important is knowing when it is time to update an estate plan. When the estate planner’s assets or liabilities change Because one of the primary...
Thinking about the basics of a comprehensive estate plan
Millions of Americans don’t have any estate planning documents in place, even though most probably know that they should take care of this important task. Unfortunately, one of the primary reasons people avoid the task of estate planning is most likely that they think...
Employer Mandated COVID Vaccines are Likely Permissible with Some Exceptions
As the first COVID-19 vaccines roll out, employers in various industries may be considering mandatory vaccines for their employees. Are these permissible under the law? The answer is likely "yes" but as with most legal questions, it requires much more discussion and...
Symonds v. Lighthouse Insurance Group – Order Granting Injunction
STATE OF MICHIGAN IN THE 17th CIRCUIT COURT FOR KENT COUNTY Case No. 20-03145-CBB AARON SYMONDS, Plaintiff/Counter-Defendant, vs. LIGHTHOUSE INSURANCE GROUP, INC., Defendant/Counter-Plaintiff. HON. CHRISTOPHER P. YATES OPINION AND ORDER GRANTING PRELIMINARY INJUNCTION...
Non-competition agreements can be an effective business tool
A non-competition agreement is used when a business wants to protect its information, such as trade secrets or company strategies, from competing businesses. The agreement, often signed when an employee begins his or her employment with the business, prevents the...
What are my options if I wish to incorporate my business?
Those in the metro Detroit area who own a business and wish to incorporate it should be aware that there are different types of corporations to choose from. It is important to understand the advantages and disadvantages of each, so you can make decisions that are in...
Michigan Emergency Order – November 15, 2020 (Gatherings and Face Mask Order)
Below is the relevant portion of the Michigan Department of Health and Human Services Order issued November 15, 2020, which sets forth the directives in effect as of 12:01 a.m., Wednesday, November, 18, 2020: 1. Definitions. “Child-care organization” means that term...
When is the best time to create an estate plan?
There are many Detroit area residents who have taken the time to create an estate plan. They understand its importance in communicating their wishes and creating a legacy. But others have procrastinated with this task, wrongly believing it is something that should be...
How can an NDA protect my business?
Secrets are a part of the business world, whether the secret involves an upcoming project or the signing of a big client. These secrets help businesses keep a competitive edge and also from drawing undue attention to a deal before it is finalized. It is not only...
