For most businesses, commercial transactions are an everyday part of their operations – but did you know that without a corporate attorney, these important transactions might never come to fruition?
People often have ideas of how they would like their estate distributed or how personal matters should be handled upon their death, yet they are not always sure how to accomplish these goals.
People across Southwest Michigan are experiencing significant property devaluation stemming from extensive flooding.
On November 6, 2018, Michigan voters elected to allow the possession, use, and cultivation of marihuana (also known as “marijuana”) by persons twenty-one years of age or older. So, how might this effect private employers?
One of the main advantages to executing a living trust is that it allows assets to be titled in the trust, avoiding the time and expense of probate.
A fiduciary duty is like the “golden rule,” whereas we are required to “treat others how we would like to be treated” within the scope of a professional relationship.
A charitable remainder trust is an irrevocable trust that allows a donor to make a gift to a trust, then receive income from the trust during the donor’s lifetime.
In Michigan, when a “prenuptial agreement is clear and unambiguous; changed circumstances do not render its enforcement unfair and unreasonable. Accordingly, the agreement should be enforced.”
In contract law, an illusory promise is unenforceable due to indefiniteness, or lacking mutual obligation. For example, owner of a business forms an agreement to “pay for products if he feels like it.”
It depends. State law varies; however, generally, pursuant to the Restatement (Second) of Contracts § 110, certain contracts, subject to a statute, are not enforced unless there is a written memorandum or an applicable exception.