Blog
Agricultural Property Tax Benefits and Issues
There are two main property tax benefits afforded to agricultural property in Michigan, the Qualified Agricultural Property Exemption and the exemption from uncapping when agricultural property is transferred to a new owner.
The first, the Qualified Agricultural Exemption, is an Continue reading
Solar Farm Leases: Too good to be true?
By: Danelle E. Harrington
Several of my clients have been approached by various companies about leasing their farmland for solar development. The companies are offering approximately $800 per acre, or more in some cases, to lease land for the purpose of placing “solar farms” on Continue reading
Tips for an Effective Estate Plan
Estate Planning
By: Danelle E. Harrington
An estate plan may be comprised of a will, trust, financial power of attorney and/or healthcare power of attorney and designation of patient advocate.
A will or trust will address distribution of your assets upon death. A t Continue reading
Powers of Attorney and Patient Advocate Designations
Powers of Attorney and Patient Advocate Designations
By: Danelle E. Harrington
For most people, a power of attorney is one of the most important estate planning tools available. A power of attorney is a legal document which allows a person (the “principal”) to appoint ano Continue reading
Business Entities in Michigan
Business Entities in Michigan
By: Danelle E. Harrington
There are four main types of business entities in Michigan: Sole Proprietorships, Partnerships, Corporations, and Limited Liability Companies (LLC’s).
A sole proprietorship is an unincorporated business that is Continue reading
Effective Farm Succession Planning
Effective Farm Succession Planning
By: Danelle E. Harrington
Family Farms are unique businesses. Farm children grow up working on the farm and many ultimately become next-generation owners of the business. But, while farms are family owned and oriented, they are also sop Continue reading
Adult Guardianships and Conservatorships
Adult Guardianships and Conservatorships
This article provides an overview of guardianships and conservatorships for adults. There are also guardianships and conservatorships which are established for minors and individuals with developmental disabilities. There are important di Continue reading
Care Contracts for the Elderly
Care Contracts for the Elderly
Many families wish to obtain and provide the needed care for their families in their own homes. Without long term care insurance to assist with the cost of 24-hour care, this may not be an option for a loved one. When family members choose to pro Continue reading
Real Estate Transfers: Avoiding property taxes from “uncapping” by Danelle E. Harrington
Real Estate Transfers: Avoiding property taxes from “uncapping”
Any Michigan real property owner is familiar with paying property taxes each year and has probably noticed two values shown on their property tax bill- the State Equalized Value (SEV) Continue reading