Do Millennials Need Estate Plans?

Millennials are the generation following Generation X, described as reaching adulthood in the early 2000s. More specifically, some define the generation as anyone born between 1981 to 1996. This generation has many unique qualities making it very distinct from previous generations. Millennials have a great need for estate planning, but they may not…

Coming of Age

It’s that time of year when we look at the calendar and brace ourselves for the final days of summer. A few weeks from now, school will be back in session and college kids will be moving back to campus. For your children who are heading to college, it’s important to remember that those children are now most likely adults, so they should have a few …

Michigan Mandates Succession Plans for Investment Advisers

Effective July 3, 2019, the Securities Rules require every investment adviser in Michigan to establish, implement, and maintain a business continuity and succession plan.

The plan required by the Securities Rules contains two separate parts: continuity and succession. Continuity planning involves matters such as back-ups and contingency plans in c…

It's High Time for Employers to Consider Policies and Strategies in Light of Michigan's Marijuana Statutes

Michigan has two statutes regulating the use of marijuana: 

1. The Michigan Medical Marihuana Act, which was enacted in 2008.
2. The Michigan Regulation and Taxation of Marihuana Act (also known as the Recreational Marihuana Act) was passed by the voters in November 2018 and became effective in December 2018.

Now that the smoke has cleared from th…

Legal Alert: March 29 Deadline Approaching

With the March 29 effective date for Michigan’s new minimum wage and paid medical leave laws rapidly approaching, employers should make sure they are prepared to comply.

As of the end of March, Michigan’s minimum wage will be $9.45 per hour for 2019 (and will increase thereafter). Additionally, employers with 50 or more employees must provide elig…