Skip to Content

October 23, 2020

Michigan’s New Receivership Act

On October 15, 2020, Governor Whitmer signed into law the new Receivership Act, PA 210 of 2020 (the “Act”).  The Act is immediately effective.  Notably, the Act expands existing receivership law, which applied only to commercial real estate, such that it now applies to all commercial property.

Read More

October 21, 2020

Estate Planning Awareness Week – Update #3

In light of the Tax Court’s recent decisions, it is imperative that you review existing FLP structures to assess whether a transferor possesses any control (exercisable either alone or in conjunction with others) that might trigger estate tax inclusion. A number of strategies may mitigate the potential risks.

Read More