July 2018 Archives

Understanding different business valuation methods

Many in Battle Creek might wonder why they are expected to divide a portion of their personal business assets with their soon-to-be ex-spouses (especially if he or she already owned the business prior to the marriage). In many cases, such holding would be considered separate property. However, according to Section 552.401 of Michigan's Compiled Laws, a non-owner spouse may entitled to a portion of the other's separate property if he or she contributed to its acquisition, improvement or accumulation. 

Is drunk driving a felony?

The laws in Michigan set a variety of consequences for those who a court finds guilty of driving while intoxicated. If you were convicted, you might find yourself branded as a felon. However, this is not typically the case. Most DWI charges are not felonies.

How can I stay connect when I'm deployed?

One of the toughest sacrifices you make as a military member in Michigan is being away from your family when you are deployed. This is especially difficult if you are divorced. When you were married, your spouse may have helped you to stay connected to your kids. That may not happen now. However, there are several things you can do to ensure you can stay in contact with your kids.

What are some common mistakes made while estate planning?

Proper estate planning not only ensures your final wishes are carried out, it also saves your family a great deal of stress after you’re gone.  That’s why avoiding common blunders is so crucial, which requires going into the process fully informed. In order to ensure you have what you need to plan for assets after you’re gone, Kiplinger offers the following advice.

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