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Will vs Trust

Quite often I am asked by clients:   What is the difference between a Will and a Trust?  They also inquire as to the advantages and disadvantages of each.  Below are some of my responses. SIMILARITIES: As a start, let’s take a look at how they are similar.   Both a...

Homestead Property Tax Relief for Disabled Veterans

On November 13, 2013, that State of Michigan enacted certain statutory provisions that eliminated real property taxes on property used as a homestead for disabled American veterans, who had received an honorable discharge.  In order to obtain such exemption, an...

Free Child Support Calculator

The Department of Health and Human Services provides a free Child Support Calculator on the Web. This calculator is available to anyone to access and plug numbers in the numerous variables to determine an appropriate Child Support amount. In determining the support...

Domestic Asset Protection Trusts

One question I get asked fairly often is: “Can I put my assets in a trust and shelter them from my creditors”?   Until recently, my response has been “probably not” unless you want to put them in an “off-shore” entity or place them in trust in another state (such as...

Bye-Bye Dower

Several months ago I wrote about dower rights in Michigan.  At that time, I pointed  out that Michigan remained  one of the few, if not  only, state in the country to retain, for married women alone, what are called “dower” rights.  Dower is defined as the wife’s...

Legal Expense in a Divorce Can Be Tax Deductible

The issue of the possibility of deductibility of a portion of legal expenses incurred in a divorce is frequently overlooked. In nearly every matter clients pay their attorneys to provide tax advice related to the possibility of settling or if necessary trying a case....

While this posting originates from a law office, none of the contents should, in any way, be considered legal advice. If you have not signed a retention letter describing the legal services to be provided and the amount to be paid for such services, you are not a client of this firm.