If your spouse is deceased and you are the current beneficiary of their trust, keep reading. You may be able to save a significant amount of money in income taxes and capital gains taxes by distributing income and/or assets out […]
If you haven’t already enrolled in health plans through the federal insurance marketplace, you may get a little more time to do so. The Obama administration announced late Tuesday night that it will extend the deadline for those who have […]
The state of Michigan will not recognize the more than 300 same-sex marriages performed last weekend. Governor Rick Snyder’s announcement comes one day after an appeals court indefinitely stopped any additional same-sex marriages, while it reviews a decision that struck down […]
The recent decision by a federal court in Michigan in DeBoer v. Snyder could have major implications for your employee benefit plans. The extent of the impact on a particular plan will depend upon the provisions of the plan—particularly how […]
Attorney Mark E. Kellogg recently gave a presentation to the Greater Lansing Estate Planning Council on planning for unique personal property assets. The presentation focused on the planning stage, transfer of unique assets, and the administration of unique assets following death. […]
Do you use email? Facebook? Have an online-only bank account? What about an iTunes library? Or e-books stored on a Kindle or Nook? In 2011, Americans valued their digital assets at nearly $55,000 dollars, according to a survey conducted for […]
Under the Affordable Care Act, small employers are not required to provide health insurance to their employees. However, many small employers plan to offer health insurance coverage anyway. An important factor in this decision has been the availability of the […]
On March 10, 2014, the IRS published final regulations on various reporting requirements for employers and health insurance issuers. These reporting requirements, originally set to become effective for 2014 but delayed along with the employer shared responsibility requirements mid-2013, are […]
Independent contractors face unique challenges under the Patient Protection and Affordable Care Act (“ACA”). Most notably, independent contractors (also referred to as “business professionals”) must look at health care reform from both the perspective of their external relationships and their […]
On January 30, 2014, Governor Snyder signed into law Senate Bill No. 337 (the “Act”). The Act, recorded as Public Act 3 of 2014, amends sections MCL 205.201, 205.27a and 205.30 relating to tax clearance procedure, responsible officer liability for […]