A recent unpublished opinion of the Court of Appeals has affirmed a shield to claims by neighboring property owners that they have acquired title or rights in public rights of way of Michigan road agencies, including cities and villages. In Haynes v Village of Beulah, the plaintiffs claimed that they had acquired title to portions of two village s…
Read moreNext year taxpayers will be able to put more into their 401(k)s, 403(b)s and most 457 plans. The IRS recently announced, in IR-2014-99, cost-of-living adjustments to the limits on tax-deferred contributions to retirement plans, as well as other changes related to retirement benefits. For the 2015 tax year, employees will be able to contribute (as p…
Read moreEarlier this month, Governor Snyder signed Public Act 310 of 2014, which expanded the available exemptions from property tax “uncapping” in the State of Michigan. The effect of this new law provides additional planning opportunities not originally contemplated in prior law. Beginning December 31, 2014, certain transfers to and from trusts, from …
