Grand Rapids Attorneys & Counselors

616.828.1195

44 Grandville Avenue SW, Suite 200 Grand Rapids, Michigan 49503

Our Legal Briefs

Andrew Rassi

2012 Gift Tax Exemption - Use It Or Lose It (maybe)

Posted: September 13th, 2012

Author: Andrew L. Rassi

Categories: Estate Planning, Business Succession

Right now we have a lifetime gift exemption of $5.12 million for each individual from gift taxes. Will such gifts be able to be made next year? Maybe and maybe not.Why take the risk?

Andrew Rassi

Is a Family LLC Still the Best Place to Keep the Family Cottage?

Posted: January 16th, 2012

Author: Andrew L. Rassi

Categories: Estate Planning, Real Estate, Lake Michigan Property

The creation of Family LLCs (or Family Cottage LLCs) for owning and administering a lake cottage has been a successful planning technique used by families to ensure a smooth administration and transition of ownership of the family cottage.

Andrew Rassi

Changes in Law Present Planning Opportunities

Posted: July 20th, 2011

Author: Andrew L. Rassi

Categories: Real Estate, Lake Michigan Property, Business & Corporate

It is often the case that a change in the law (either through a Court ruling or a modification by the legislature) can present planning opportunities for those in the right circumstances.  This Spring, there were two such changes in Michigan that may provide some planning opportunities for individuals and businesses that find themselves in the unique situation to take advantage of them.

Andrew Rassi

Business Succession Planning: The Bus Question

Posted: March 31st, 2011

Author: Andrew L. Rassi

Categories: Business Succession

One of the ways that we open discussions regarding business planning with clients is to ask various "What if" questions to provoke deeper thinking in certain areas. In the realm of estate and business succession planning, the classic "What if" question is, "What if you were hit by a bus tomorrow? What would happen to your business?"

Andrew Rassi

So you want to franchise your business?

Posted: February 7th, 2011

Author: Andrew L. Rassi

Categories: Franchising

Some business owners who develop a new concept, unique brand or cool idea believe that the road to riches and glory follows the path of franchising. And that might well be the case. However, the path to franchising is often difficult.