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...]

GOOD NEWS SB 0540 (2017) – WRITE YOUR SENATORS

Good news!  Yesterday, Senate Bill 0540 (2017) was introduced by Senator Tonya Schuitmaker, and the Bill has been referred to the Committee on Local Government.  Senate Bill 0540 updates the statutory definition of a “transfer of ownership” for … [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...]

Incorrect 2017 Notice of Assessment?

Notices of Assessment need to be sent by Townships to homeowners by March 1.  PLEASE NOTE, if you believe that your taxable and/or assessed value is incorrect, you may protest to the Local Board of Review, but you have a VERY limited time in which to … [Read more...]

Boston Globe Article

This article quoting Mr. Fry appeared in the Boston Globe on November 25, 2016. https://www.bostonglobe.com/business/2016/11/25/leaving-summer-cottage-your-children-consider-llc/zfW0183N1ankHMCNpcSWFI/story.html … [Read more...]

PUBLIC ACT 310 NOW EFFECTIVE!

PUBLIC ACT 310 NOW EFFECTIVE! Public Act 310 of 2014 (HB 5552) was passed and signed by Governor Snyder in October, 2014. This new law created another exemption from the “uncapping” of property values for property tax purposes on transfers of … [Read more...]

State of MI LARA Notice

All of our clients who have formed a Michigan LLC should be aware that a non-governmental entity called "Corporate Records Service" is trying to collect a $125 fee to prepare corporate records.  The misleading solicitation implies that Michigan … [Read more...]