Posts Tagged "Real Estate"

Ice and Snow Should Concern Property Owners

Posted by on Feb 20, 2015 in Business General Counsel, Litigation, Real Estate | 0 comments

Ice and snow on publicly accessed property should be of concern to property owners. A decision in 2014 by the Michigan Court of Appeals brought clarification to what has been known as the open and obvious doctrine which applies to parties that are injured when on the property of another.  With certain exceptions, the open and obvious doctrine held that a party cannot collect for damages when they are injured as a result of a property defect that was “open and obvious” to that individual.  For example it would be difficult to collect for injuries sustained when one steps into a...

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Jointly Held Property: Good or Bad Idea?

Posted by on Jun 15, 2013 in Litigation, Probate, Real Estate, Tax | 0 comments

A frequent question that comes to us as lawyers is whether or not it is a good idea to maintain jointly held property.  The context of these issues often relate to situations where parents want to put their children’s name on their bank accounts or where siblings hold real estate jointly that once belonged to parents.  These questions about jointly held property come up with regard to all different types of property such as investment accounts, bank account, real property and even interests in debt where a party or parties are owed money pursuant to a promissory note.  Frequently the...

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Business Owners’ Biggest Legal Concerns

Posted by on May 2, 2012 in Business General Counsel, Business Planning | 1 comment

We are interested to hear from business owners on this topic.  What is your biggest concern related to the legal issues of your business? Human Resources and employee matters Record keeping and retention Taxes Government compliance Collecting from customers Being sued by customers Understanding contracts with customers and vendors Banking issues and loan covenants Raising funding through less traditional methods (venture capital or angel investors) Passing the business down to the next generation Shielding personal assets from your business liabilities (or vice versa) The fear that there is...

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Property Tax Appeals Bogged Down in Michigan

Posted by on May 12, 2011 in Real Estate | 0 comments

The Detroit News is reporting in an article today that the Michigan Tax Tribunal has been essentially overwhelmed with cases.  Apparently 41,000 cases remain pending before the court. The article goes on to explain that local municipalities have not yet begun to feel the pain from the valuation problems.  With the volume of cases pending before the court there will likely be a large number of refunds that will be made by the municipalities.  This money will have to come from current tax revenue and may not be included or anticipated as part of the current...

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Commercial Property Assessment Appeals

Posted by on May 11, 2011 in Tax Appeals | 0 comments

Petitions to the Michigan Tax Tribunal to challenge 2011 property tax assessments must be filed no later than May 31, 2011. If you have a commercial or industrial property which you feel is over-assessed, you still have time to challenge the assessment.

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