Property Owners Beware! One Year Left to Preserve “Older” Property Interests

Last year, the Legislature amended the 40 Year Marketable Title Act (the Act), and created a two year window during which holders of “older” property interests could preserve those interests by recording a notice of those interests with the Register of Deeds.  That window ends March 29, 2021, leaving about one year left to record such a notice.

By way of background, the purpose of the Act is to simplify and facilitate land title transactions by creating a statutory basis for “marketable title.”  The Act accomplishes this by extinguishing by operation of law certain interests which arise out of any act or document that precedes the applicable 40 year period. The recent amendment provides an opportunity for people benefiting from these “older” interests to preserve them by recording the notice; otherwise, they may well be extinguished by operation of the Act.

Get Started Today: Schedule Your Consultation!

If you would like to learn more, contact Scott Munzel, a real estate lawyer at PSED today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.

Property Owners Beware- One Year Left to Preserve “Older” Property Interests Following an Amendment to 40 Year Marketable Title Act

Last year, the Legislature amended the 40 Year Marketable Title Act (the Act), and created a two year window during which holders of “older” property interests could preserve those interests by recording a notice of those interests with the Register of Deeds.  That window ends March 29, 2021, leaving about one year left to record such a notice.  

Learn more here!

Get Started Today: Schedule Your Consultation!

If you would like to learn more, contact Scott Munzel a real estate lawyer at PSED today! Schedule an initial consultation. 734-665-4441

Divorcing in Michigan Now Requires Full Financial Disclosures

The Michigan Supreme Court recently revised three Michigan Court Rules to streamline and simplify the exchange of financial information in divorces. The revisions to the discovery process should help move cases along more quickly as the exchange of financial information is required early in the case. It should also help you conserve costs within your divorce, particularly as those costs are usually paid out of the joint marital estate. It should also help clarify the grounds for the basis of attorney fee requests.

Read more about the three revised Michigan Court Rules here! 

Get Started Today: Schedule Your Consultation!

If you would like to learn more about divorce in Ann Arbor, contact us today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with your case and everything in between. Consult Wendy Alton for details.

Our attorneys know how to get results for our clients and they’re dedicated to getting a satisfactory outcome. Contact our attorney for divorce in Ann Arbor today at (734) 665-4441 for a no obligation consultation.

Getting a Divorce? Be Prepared to Fully Disclose Financial Assets!

The Michigan Supreme Court recently revised three Michigan Court Rules to streamline and simplify the exchange of financial information in divorces.  Effective January 1, 2020, divorcing spouses must now automatically provide full financial disclosures under oath of their employment, income, assets and debts.

Learn more here!

Get Started Today: Schedule Your Consultation!

If you would like to learn more about divorce in Ann Arbor, contact Wendy Alton at PSED today! Schedule an initial consultation. 734-665-4441

How Will Stretch IRAs Impact Your Estate Plan?

Do you have a stretch IRA?

Were you planning on leaving money for your child or grandchild? 

You need to learn about the major change to retirement plans!

A new Act was passed eliminating the stretch IRA and replacing it with a 10-year pay-out period. This means a beneficiary can no longer stretch the pay-out over his or her lifetime. Instead, the entire IRA must be “emptied” by the end of the 10^th year after death. Therefore, the IRA gets into the hands of child or grandchild or imprudent beneficiary much sooner than anticipated.

Learn more here!

Get Started Today: Schedule Your Consultation!

If you would like to learn more about estate planning services and special needs planning options, contact an estate planning attorney in Ann Arbor today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.

Major Change to SECURE Act Effective Jan 1, 2020!

Congress passed the Setting Every Community Up for Retirement Enhancement Act (“SECURE” Act or “the Act”) implementing a major change to retirement plans, effective January 1, 2020.

The Act expands the options for you to save for retirement, but in the process, it greatly impacts estate plans by eliminating the stretch IRA. 

Learn more here!

Get Started Today: Schedule Your Consultation!

If you would like to learn more about estate planning services and special needs planning options, contact an estate planning attorney in Ann Arbor today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.

Achieve A Better Life Experience (“ABLE”) Act

Do you have a ABLE account setup for your child?

ABLE accounts are beneficial for parents with a special needs child because of the following:

1) Cost-effective to establish

2) Small minimum contributions are tax deductible on a Michigan income tax return

3) Financial independence 

4) Can be commingled with funds from both the parents and the child

5) Contributions can grow tax-free

6) Save money without losing government benefits

Learn more here!

Get Started Today: Schedule Your Consultation!

If you would like to learn more about estate planning services and special needs planning options, contact an estate planning attorney in Ann Arbor today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.