Wills, Trusts, Business, Real Estate, and Probate Blog
What's new in estate planning, business, and real estate law.
Thinking about buying a home? Or perhaps you’re in the market for a new residence and are planning on selling your current home? Your home is one of the biggest purchases or sales you make in your lifetime. However, when either buying or selling this asset, many resort to using pre-printed purchase agreements provided by their real estate agent or broker believing they can avoid the expense of an attorney or expecting that the transaction is a “simple” deal. While this method may save money and time in the short run, the potential long term consequences could be costly. A Purchase Agreement is a legal contract containing the terms and conditions of the sale and purchase of real property. It is the roadmap for completing
Terms and conditions for a website are an important legal document for any business. The terms and conditions constitute a license agreement spelling out the rights and obligations in connection with any person’s use of your business website. Despite the fact that terms and conditions are an important and binding legal agreement, many businesses simply copy and paste terms and conditions from other websites. However, many of the terms and conditions available on the internet are not drafted by an attorney and therefore often do not properly comply with legal requirements or grant your business full liability protection. In our modern era of online and mobile commerce, the existence of a website may expose your business to
Digital Assets: Wills, Trusts, and Estate Planning in the Age of Facebook, Twitter, and Cell Phones that are Minicomputers
There have been many articles written, and will be many articles written, regarding estate planning in the age of digital assets. Even the meaning of “digital assets” is being defined as we speak. Just because this area of law is still being defined and developed is no reason why your current Wills, Trusts, and estate plans should not attempt to deal with this. As a matter of fact, because of the uncertainty surrounding digital assets, it is most important that your current estate plan actually does deal with these concepts. In a recent case where the Supreme Court of The United States acknowledged the personal, intimate nature of a Smartphone by indicating that a police officer needs a warrant to search a Smartphone, Chief
Time is of the Essence: Now is the time to decide whether to appeal your current residential or industrial/commercial property tax assessment. When you receive your assessment notice for your home or business, should you discuss it with a real estate attorney? If you own industrial/commercial property, the deadline for filing an appeal with the Michigan Tax Tribunal is during the summer. However, if you own residential property, your first step is the local taxing authority’s board of review held annually in March. In addition, appeal assessments in Grand Rapids or Detroit require you to participate in an assessor’s review prior to appealing to your local board of review. It is important to plan ahead to avoid running afoul
Although Seattle won the Super Bowl and Florida State is the new college football national champion, the college football players at Northwestern University continue playing, but this time on a different field - the courtroom. On Tuesday, January 28, 2014, with support from the Steelworkers Union, a majority of Northwestern college football players appealed to the National Labor Relations Board (NLRB) for unionization rights as “employees” of Northwestern University. The players claim that Northwestern University, and the N.C.A.A. as a whole, have used the concepts of amateurism and the “student-athlete” to avoid having to share revenues from ever-increasing TV contracts. Players seek to compel universities to provide long-term