Archive for the ‘Cottage-Law.com’ Category
Cottage Law and Using Gifting to Avoid Estate and Gift Taxes
October 25th, 2011
| Author: Dan A. Penning
Going, Going, Gone!
Tax-free transfers – gifting – of the family cottage to future generations via a cottage succession plan is a great opportunity for cottage owners to enjoy considerable tax savings while real estate values are suppressed.
Posted in Cottage Law, Cottage Law Attorney, Cottage Succession Planning, Cottage-Law.com, CottagePlanning, Uncapping Property Taxes
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Tags: "1932 gift tax", "annual exclusion", "estate taxes", "gift assets", "gift tax exceptions", "gift tax", "gifting", "overall gift tax exemption", "tax-free transfers of assets", "tax-free transfers", Cottage Law, cottage operating agreement, cottage succession plan, Family Cottage, klooster, legacy assets, uncapping
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Michigan Cottage Law Takes on New Meaning on Game Day
October 15th, 2011
| Author: Dan A. Penning
Michigan Cottage Law definitely gains new perspective on game day in Michigan!
Join The Penning Group in Supporting Our Communities
July 15th, 2011
| Author: Dan A. Penning
As the world grows smaller thanks to technology, The Penning Group finds itself with clients and friends literally across the globe. We welcome new friends and new opportunities, but we still trace our values, like our roots, to the Michigan communities we call home. Like many of you, we are grateful for opportunities to give back when and where we can.
Posted in Cottage-Law.com
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Tags: alley regally, center, community events, Cottage Law, farmington duck race, farmington farmers and artisans market, farmington farmington hills afterschool program, farmington founders festival, greater farmington area chamber of commerce, leelanau conservancy picnic and auction, legato salon, shiawassee park, suttons bay fireworks
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TAX ALERT – Michigan Governor Snyder Releases 2011 Executive Budget Proposal Which Could Affect Family Cottages
February 18th, 2011
| Author: Dan A. Penning
Budget Proposal Includes Anticipated Proposals to Change Both Tax and Spending Policies
Posted in Cottage Law, Cottage Real Estate Laws, Cottage-Law.com, Uncapping Property Taxes
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Tags: change spending policies, change tax policies, Cottage Law, family cottages, governor rick snyder, michigan 2011 executive budget proposal, michigan governor rick snyder, michigan property taxes
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“No, Spike Doesn’t Do That”
November 19th, 2010
| Author: Dori Penning
The Mouse Adventure with The Cottage Cat “Spike” at The Depot
We became owners of a fluffy 20 pound orange and white barn cat name Spike. Spike lives in The Depot- the northern Michigan offices of The Penning Group, and formerly the law offices of Stuart J. Hollander, attorney author of “Saving the Family Cottage – A Guide to Succession Planning for your Cottages, Cabin, Camp or Vacation Home.”
In the Know at The Family Cottage
November 14th, 2010
| Author: Dori Penning
The Detroit Free Press just ran a section on the Top Workplaces ‘10. In this article 41,000 workers spoke about the top states workplaces. Employees basically stated that 6 reasons really made a difference in the workplace. They were rated on importance factors.
Posted in Cottage Law, Cottage Law Attorney, Cottage-Law.com, Family Cottage
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Tags: Cottage Law, top workplaces
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Why The In-House Cottage Law Cat is Named Spike
October 11th, 2010
| Author: Dan A. Penning
Spike continues to be a topic of interest around The Depot and from first time visitors.
Cottage Law Circle of Kindness
August 22nd, 2010
| Author: Dori Penning
Do you belong to the circle of kindness? This means, to belong, you do something kind for someone. Kindness costs you nothing. It is a friendly gesture that you don’t think twice about. There is no ulterior motive. You never know when you are going to make a difference in someone’s life.
Ice Cream at the Family Cottage
August 15th, 2010
| Author: Dori Penning
Remember the phrase, “I scream, you scream, we all scream for ice cream?”
Stories To Tell At the Family Cottage
August 12th, 2010
| Author: Dori Penning
The family cottage sets in motion vacations to remember. At the family cottage you relax, unwind and nurture yourself. It is a wonderment and an oasis of peace on the water’s edge. It doesn’t matter how you spend your day off from work or household chores. Enjoy nature whether you bike, boat, hike, or simply take a swim. My teens and my husband Dan enjoy swinging a club or two at the golf course. Even if you enjoy watching the world go by, it is just fine.