Posts Tagged ‘Entity Laws’
Limited Liability Company Amendments by Michigan Legislature could affect your Cottage Succession Plan
January 31st, 2011
| Author: Dan A. Penning
While the changes are mainly technical in nature, some are substantive and worth noting. Changes to the Michigan Limited Liability Company Act (“LLCA”) took effect on December 16, 2010.
First Steps of Cottage Succession Planning
January 31st, 2010
| Author: Dan A. Penning
First Steps Cottage Succession Planning
First, ask your child, or children, if they want a share of the cottage. They may not want a share of the family cottage and there could be a variety of reasons. Each should be explored for passing on to them an alternative value of their share of the family cottage.
Posted in Cottage Entity Laws, Cottage Law, Cottage Law Attorney, Cottage Real Estate Laws, Cottage Succession Planning, Direct Ownership, Entity Laws, Family Cottage, Indirect Ownership, Tenants in Common
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Tags: Cottage Law, Cottage Law Attorney, cottage llc name, Cottage Real Estate Laws, Cottage Succession Planning, Entity Laws, immediate llc, limited liability comany, springing llc, state registration of cottage limited liability company
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When the Family Cottage is At Risk
January 31st, 2010
| Author: Dan A. Penning
Every kid should roast a marshmallow by a fire next to the lake, paddle a canoe, catch a fish, dive off a raft, skip stones and and eat an ice cream cone or a freshly made donut from a local food shack which opens every summer for cottage visitors.
Posted in Cottage Entity Laws, Cottage Law, Cottage Law Attorney, Cottage Real Estate Laws, Cottage Succession Planning, Direct Ownership, Entity Laws, Family Cottage, Indirect Ownership, Limited Liability Company, Tenants in Common
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Tags: Cottage Law, cottage property deed, Cottage Real Estate Laws, Cottage Succession Planning, Direct Ownership, Entity Laws, Family Cottage, family legacy asset, Indirect Ownership, llc, partition lawsuit, protecting the family cottage, right to partition, saving the family cottage, Tenants in Common
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