Abbott Thomson Mauldin Parker Beer & Lindsey, PLC

06/17/2024

ATTENTION ALL BUSINESS/COMPANY OWNERS: do you manage, operate, run, and/or own a corporation, limited liability company (LLC), or other similar entity?

If so - your entity may be labeled as a “reporting company” under the Corporate Transparency Act (CTA) requiring you to disclose sensitive personal information of your company’s “beneficial owners” to the Financial Crimes Enforcement Network (FinCEN).

A “beneficial owner” is an individual who either directly or indirectly: (1) exercises substantial control over a reporting company (see above), or (2) owns or controls at least twenty-five percent (25%) of the ownership interests of a reporting company.

If you manage, operate, run, and/or own a corporation, limited liability company (LLC), or other similar entity, and fall within the definition of “beneficial owner” above, CONTACT OUR OFFICE IMMEDIATELY FOR GUIDANCE ON THE CTA’S REPORTING REQUIREMENTS!

Penalties for noncompliance with the CTA are SIGNIFICANT!

Any person or company who willfully violates the beneficial owners information reporting requirements may be subject to CIVIL penalties of up to $500 for each day the violation continues (adjusted annually for inflation), and/or CRIMINAL penalties of up to two (2) years imprisonment and a fine up to $10,000.00.

Chad McDonald, Esq.
(517) 787-8570
[email protected]

01/31/2024

DID YOU KNOW that beneficiary designations happen OUTSIDE of probate and they could conflict with your wishes and intent set forth in your estate plan?

Do you want to make sure your assets go as intended at your death? Contact our office today to set up a meeting to discuss how you can achieve that!

(517) 787-8570
https://atbplclaw.com/
[email protected]

01/21/2024

DID YOU KNOW: without an estate plan, the state of Michigan is in control of who inherits your assets and/or property? If you pass away without an estate plan, Michigan’s intestate law kicks in, which directs who is entitled to what. This includes real property, money, and tangible personal property!

Do you want to control who gets what? Contact our office today to set up a meeting to discuss how you can achieve that!

(517) 787-8570
https://atbplclaw.com/
[email protected]

A Full-Service Law Firm That Delivers Value Abbott, Thomson, Mauldin, Parker, Beer & Rick, P.L.C., provides clients throughout south-central Michigan with trusted counsel in estate planning, probate, real estate and other areas. Learn about how our full-service firm can help you. Explore More Delive...

11/08/2023

A HYPOTHETICAL FOR OUR FOLLOWERS:

- A married B.
- A and B had two (2) children, C and D.
- A and B divorce.
- A marries E.
- A executes a Last Will and Testament whereby A gives all his/her property (tangible personal property, real property, $, etc.) at his/her death to his/her two (2) children, C and D.
- A dies.
- At his/her death, A was still married to E.
- At his/her death, C and D are still living.

OUTCOME:
- Even though A’s Last Will and Testament left EVERYTHING to her two (2) children, C and D, the surviving spouse, E, can “elect against” A’s Will and end up with a majority of the assets in Estate of A originally intended for C and D.

Michigan law calls this “Spousal Election.”

Are you A?

Do you want to control who gets what?

Contact our office today to set up a meeting to discuss how you can achieve that!

(517) 787-8570
https://atbplclaw.com/
[email protected]

Trusted attorneys for probate, real estate and other legal needs. Abbott, Thomson, Mauldin, Parker & Beer, PLC in Jackson. Call 517-787-8570 .

11/01/2023

DID YOU KNOW: without an estate plan, the state of Michigan is in control of who inherits your assets and/or property? If you pass away without an estate plan, Michigan’s intestate law kicks in, which directs who is entitled to what. This includes real property, money, and tangible personal property!

Do you want to control who gets what? Contact our office today to set up a meeting to discuss how you can achieve that!

(517) 787-8570
https://atbplclaw.com/
[email protected]

Trusted attorneys for probate, real estate and other legal needs. Abbott, Thomson, Mauldin, Parker & Beer, PLC in Jackson. Call 517-787-8570 .

10/26/2023

DID YOU KNOW: a Last Will and Testament in most situations is a ‘ticket’ to probate versus a probate avoider?

Do you have a goal to avoid probate? Contact our office today to set up a meeting to discuss how you can achieve that!

(517) 787-8570
https://atbplclaw.com/
[email protected]

10/17/2023

DID YOU KNOW: approximately 70% of Americans die without estate planning documents, subjecting their estate to delays and unnecessary expenses of probate administration!

Contact our office today to set up a meeting to discuss your estate planning needs!

(517) 787-8570
[email protected]

07/16/2023

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