Four Generation Family Business Endangered by Family Dispute in Ann Arbor

September 12th, 2013
The silent party to all the fighting is, of course, Luray Caverns. It is not just a U.S. Natural Landmark. It is also a business, and businesses can suffer when their owners are at war with each other. Family businesses have a tough time passing from… Read More
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Estate Planning Workshop in Ann Arbor!

September 11th, 2013
Please join Legacy Law Center as Terry Bertram presents a FREE workshop on Estate Planning. Where: Weber’s Inn, 3050 Jackson Ave,  Ann Arbor When: Wednesday, September 25th 6:30-8:30 p.m. How: Call to RSVP 734-995-2383 or email Melanie@legacyp… Read More
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The Mighty Power of Attorney (POA) in Ann Arbor

September 11th, 2013
A POA is a legal document that is based on your state’s law that authorizes someone to act on your behalf. A Power of Attorney (POA) is an essential tool for your estate plans, and a mighty strong one at that. In effect, every adult should have one… Read More
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Prenups: Another Wedding “To-Do” Before the Big Day in Ann Arbor?

September 10th, 2013
…In general, I highly recommend that couples negotiate the financial terms of their marriage and each partner’s role before saying their vows. If you keep up on celebrity gossip as it relates to those high-profile marriages and divorces, you ofte… Read More
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Valuation Discounts: The “Art” of Estate Planning for Artwork in Ann Arbor

September 9th, 2013
Artwork can be really valuable. Thus, it is hardly surprising that artwork will be a contentious matter in estate tax cases. When it comes to estate planning, determining the value of artwork can be disputable and very difficult to pin down. However,… Read More
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Charitable Trusts Are Desirable In Regards To Capital Gains in Ann Arbor

September 6th, 2013
Don’t be surprised if your CPA or financial planner starts babbling acronyms: CRUT, CRAT, NICRUT, NIMCRUT, Flip CRUT. Hear him out. The higher federal tax rates that kicked in this year have given all these variants of the four-decade-old charitabl… Read More
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Be Aware Of State Death Taxes in Ann Arbor

September 5th, 2013
Now the death-tax debate has shifted to state capitals, with mixed results depending on which party runs the state. Prior to 2001, states could impose an estate tax of up to 16% with no extra burden on their residents because a federal tax credit off… Read More
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Estate Planning: More Than A Tax Evader in Ann Arbor

September 4th, 2013
Money and taxes aside, here are 7 good reasons you need an estate plan … Estate planning is not just about taxes. While it is too easy to focus on taxes, namely avoiding heavy taxation, there is far more to consider when making your own estate plan… Read More
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Versatility of Roth IRAs in Ann Arbor

September 3rd, 2013
Use this versatile account to get tax-free income and a whole lot more. If you are used to a traditional IRA, the Roth IRA may seem peculiar at first when it comes to retirement accounts. So here’s a brief refresher on all the perks of the esteemed… Read More
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Your Adult Children Need Estate Plans Too in Ann Arbor

August 30th, 2013
With back-to-school season upon us, it’s an issue that’s timely to consider. Once your children turn 18, you are no longer entitled to see their medical records and make decisions about their medical treatment—unless they take a few basic estat… Read More
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