Ten Reasons Why You May Want to Consider a Family Cottage Succession Plan

The goal of cottage succession planning is to set up legal ground rules that provide the best chance to keep a cottage in the family for future generations. A cottage plan usually addresses concerns through the creative use of a limited liability … [Read more...]

A Sad Story From a Client – A Lake House Lost…

One of our clients, Joe, told us the sad story of how his friend’s family lost their lake house recently.  The family raised their children at the wife’s parents' lake house.  The wife’s brother was managing mom's affairs after her father passed … [Read more...]

MI Uncapping Laws-Legislative Update January, 2017

The subject of property taxes on Michigan real estate, particularly vacation property, has received a great deal of attention lately.  Because of recent changes in the property tax system in Michigan, it is now possible to transfer ownership of … [Read more...]

CLIENTS–NEW PROPOSED LEGISLATION ON UNCAPPING-ACTION NEEDED!

Cottage Law Clients and Friends: Many of you have contacted me in the past and expressed interest in any new or potentially new legislation in Michigan regarding “uncapping” of property values for property tax purposes.  As many of you know, the law … [Read more...]