Lower Lifetime Estate and Gift Tax Exemptions with Help from PSED

Given the possibility of a lower lifetime estate and gift tax exemption, individuals and couples may want to consider annual gifting as a way to reduce the size of their estates to reduce or eliminate estate tax at the time of their death.  

For example, a married couple with three married children and four grandchildren could give away $300,000 per year by each parent gifting $15,000 to each child, their spouses and each grandchild.  And, they could repeat these gifts annually.

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If you’re interested in learning more about annual gifting, please contact estate planning attorneys in Ann Arbor at 734-665-4441.

How to Handle Transferring Assets in a Trust

Invariably, clients’ assets consist of things like bank and brokerage accounts, stocks and bonds, real estate, businesses, retirement and life insurance, household goods and furnishings and motor vehicles.

Find out what you need to get each asset across the finish line here. 

Get Started Today: Schedule Your Consultation!

If you’re interested in learning more about funding your trust and crossing the “goal line,” please call Marty Bodnar, Ann Arbor estate planning attorney at 734-665-4441 or email him at mbodnar@psedlaw.com.

How Can I Get My Trust Across the Finish Line?

For each client, an excel spreadsheet of their assets is created. We review it with you throughout the process to make sure all your assets are on it. In the past, clients have forgotten about a vacant lot in Arizona, an undivided interest in a cabin or U.S Savings bonds sitting in a safe deposit box. If one asset is forgotten and not titled properly, probate will be looming in the future.

Learn more here!

Get Started Today: Schedule Your Consultation!

If you’re interested in learning more about funding your trust and crossing the “goal line,” please call Marty Bodnar, Ann Arbor estate planning attorney at 734-665-4441 or email him at mbodnar@psedlaw.com.

How Unemployment Insurance Benefit Disputes Are Resolved

Both the employer and the employee have a right to appeal from an Agency determination with which they disagree to an Administrative Law Judge, and from the ALJ’s decision to the UIA Appeals Committee and ultimately to court.

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If you as either an employer or employee, have questions concerning the right to unemployment benefits, contact our employment law lawyers in Ann Arbor today to help get your questions answered.

Forfeiture of Unemployment Insurance Benefits

The right to receive unemployment insurance benefits after an employment relationship ends depends solely on why the relationship ended.

Employers and employees commonly believe that because the employee is jobless he/she is entitled by law to receive unemployment benefits from the State. However, in many situations, that’s not true. In Michigan, there are a number of legal limitations on an unemployed employee’s right to receive benefits from the State. 

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Get Started Today: Schedule Your Consultation!

If you as either an employer or employee, have questions concerning the right to unemployment benefits, contact our employment law lawyers in Ann Arbor today to help get your questions answered.

How Long Do Cases Take to Settle?

In Michigan, the State Court Administrative Office has guidelines for how long cases take to resolve. Before Covid, on average, the SCAO expected 90-95% of cases brought in district court to be resolved within 1 year of filing. In district court, it’s possible, that cases will be resolved in 6-9 months.  For cases brought in circuit court, however, the cases are generally more complex, and only 70% are expected to be resolved within 1 year. 

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If you’re suing or being sued and have questions about the litigation process, contact or litigation attorneys today to help get your questions answered.

The Waiting is Almost the Hardest Part

Whenever someone is looking for representation on a lawsuit, whether it’s because they are considering suing someone, or they have been sued, inevitably they get to the question “So how long will this all take?” People who have never been involved in litigation seem to think a lawsuit will be done in a few weeks, maybe a few months at most. The reality can be very different, and understanding that, especially in the Covid world we live in, can help litigants manage the stress of expectations and handle the potentially lengthy periods of inactivity that come in every lawsuit.

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Get Started Today: Schedule Your Consultation!

If you’re suing or being sued and have questions about the litigation process, contact or litigation attorneys today to help get your questions answered.