Beneficiaries Receiving Public Benefits

Estate Planning Awareness Week 2019

Do you have a loved one receiving Supplemental Social Security Income (SSI), Medicaid or other means-tested public benefits? Or do you anticipate that they might in the future? This is important information to share with your estate planning attorney because if that person inherits from you, it could jeopardize his or her ability to qualify to rece…

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Do Millennials Need Estate Plans?

Millennials are the generation following Generation X, described as reaching adulthood in the early 2000s. More specifically, some define the generation as anyone born between 1981 to 1996. This generation has many unique qualities making it very distinct from previous generations. Millennials have a great need for estate planning, but they may not…

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Coming of Age

Legal Documents for College Students and Other Young Adults

It’s that time of year when we look at the calendar and brace ourselves for the final days of summer. A few weeks from now, school will be back in session and college kids will be moving back to campus. For your children who are heading to college, it’s important to remember that those children are now most likely adults, so they should have a few …

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Michigan Mandates Succession Plans for Investment Advisers

New Michigan Securities Rules Require Continuity and Succession Plans

Effective July 3, 2019, the Securities Rules require every investment adviser in Michigan to establish, implement, and maintain a business continuity and succession plan.

The plan required by the Securities Rules contains two separate parts: continuity and succession. Continuity planning involves matters such as back-ups and contingency plans in ca…

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It's High Time for Employers to Consider Policies and Strategies in Light of Michigan's Marijuana Statutes

Michigan has two statutes regulating the use of marijuana: 

  1. The Michigan Medical Marihuana Act, which was enacted in 2008.
  2. The Michigan Regulation and Taxation of Marihuana Act (also known as the Recreational Marihuana Act) was passed by the voters in November 2018 and became effective in December 2018.

Now that the smoke has cleared from the pas…

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