Property taxes are a burden that every property owner bears. A cap on the taxable value of the property helps ease that burden when property values rise quickly. Many owners …
New DOL Final Rule Raising the Minimum Salary for Overtime Exemptions
A long anticipated change to the Department of Labor’s overtime pay rules under the Fair Labor Standards Act was recently announced. Many employers will need to take action to comply …
Phil Neuman Testified Before Senate Committee
Phillip J. Neuman testified on June 19, 2019, before the Michigan Senate Insurance and Banking Committee in support of House Bill 4226. This bill would cap the amount a foreclosure …
Changes To The Michigan Trust Code
A significant change to the Michigan Trust Code recently went into effect allowing a single Trust to provide for separate trustees. The separate trustees include an investment trustee, a distributions …
Principal Residence Exemption for Damaged Property
The law governing the Principal Residence Exemption was recently amended to provide homeowners continued property tax relief for damaged property due to damage or destruction caused by an accident, Act …
Amendment to the Construction Lien Act
An amendment to the Construction Lien Act now permits design professionals such as architects, professional engineers and surveyors to record a notice of professional services contract. This notice enables the …
Amendment to the Marketable Record Title Act
The change to the Marketable Record Title Act now requires affirmative action by parties who desire to preserve the effectiveness of old recorded restrictions. As a result, this may affect …
New IRC Section 199A – Qualified Business Income Deduction
Sec. 199A was enacted as part of the Tax Cuts and Jobs Act. It provides a deduction of up to 20% of income from a domestic trade or business operated …
Important New Changes to Certificates of Trust
A recent amendment to the Michigan statutes regarding Certificates of Trust has resulted in a much shorter and simpler document that may be used for real estate and other purposes. …
Michigan’s New Paid Medical Leave Act
Michigan’s new Paid Medical Leave Act goes into effect on March 29, 2019. Under the Act, most employers with at least 50 employees will now be required to provide up …