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Protecting your Wealth Today and Beyond with Warner Lewis the Legal Concierge

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Do you have a legal question or problem and you just don’t know where to turn for answers? How do you find the right lawyer? Warner Lewis is your Legal Concierge, and he addresses a wide range of questions about legal situations and solutions that may apply to you in this new legal podcast  series. Get answers to all of your legal questions today in "Protecting your Wealth Today and Beyond" Legal podcast .   Hear real answers to the following questions and more: 19:22 Are there new regulations that will impact existing trusts? 26:50 I am thinking about getting a trust in place. Can I get grandfathered in with a step-up in cost basis & capital gains with my trust in the event the new regulations take effect. 31:11 Or are there other options to consider at this point for not getting taxed on capital gains? 51:04 If my documentation for my LLC is in place, does this mean piercing the corporate veil it no longer possible (or likely to happen)? If you are interested in jumping

What is the MMMA and What You Should Know

The Michigan Medical Marijuana Association, also known as the MMMA, is Michigan's biggest advocacy group for the use of medical marijuana. Lead by Michael Komorn, President and CEO, it initially began as an online community for caregivers and patients to share their experiences, details, and suggestions on the Michigan Medical Marijuana Program. The MMMA was the initial company started to help provide a platform for patients and caregivers following the start of the Michigan Medical Marijuana Program. Ever since, nonetheless, it has expanded not just as a community and discussion forum, yet a legal resource, info database, news outlet, and defender of the Michigan Medical Marijuana Act. Michigan's Online Community and Library For Medical Cannabis Members of the community, including caregivers, patients, and legal experts like attorneys, can share their experiences and take part in discussion with the MMMA's forums. Meanwhile, the blog sites compile a host of different stori

Wet Cannabis Still Prohibited Per MI COA

Previously this month, the Court of Appeals, in a split decision, identified that the Michigan Medical Marijuana Act does NOT protect caregivers or patients who remain in possession of wet marijuana that remains in the drying out process, from prosecution. The Courts ruling in the case of People v. Vanessa Mansour determined that since wet marijuana that remained in the drying out process was not usable cannabis, possession of wet cannabis was not protected by the MMMA. The MMMA specifies a lot of the terms of the act. The term usable marijuana is specifically defined in the MMMA. The act defines usable marijuana to mean the following: "Usable marihuana" means the dried leaves, flowers, plant resin, or extract of the marihuana plant, however does not include the seeds, stalks, and also roots of the plant. The Court found that because the act chose to use the word "dried" before the remaining components, that indicated that wet, undried cannabis was not a component o

How to Start a Marijuana Business in Michigan

Michigan is a state that now permits certain kinds of marijuana services to operate and sell to clients. This includes both medical and recreational marijuana/cannabis centers, opening a whole world of opportunities for organisations to benefit and begin selling the drug lawfully to a possibly really large audience. If you have an interest in starting a marijuana organisation in Michigan, here's how you'll require to do it. Understand Licensing First off, you're going to require to make sure that you comprehend the licensing and laws surrounding services cultivating and offering marijuana. There are lots of regulations in place that you'll need to follow. As this was something that was extremely prohibited till just recently, it makes good sense that the licensing and regulations are strong. End up being acquainted with them all as soon as possible, and you can then later work on acquiring them from the pertinent authorities. Develop business's Structure Business

Many Michigan Communities Planning to Ban Commercial Recreational Marijuana Facilities

It has emerged that some communities within Michigan are trying to ban commercial cannabis facilities concentrated on supplying the drug for recreational abuse within the borders of their neighborhoods. This news comes within weeks of the state of Michigan authorizing laws that would permit marijuana to be cultivated and sold recreationally. The law is due to go into effect in December, so those neighborhoods will need to act quickly if they wish to utilize their opt-out to block the sale of recreational cannabis in their location. So how can these neighborhoods select to opt out of a law like this? The current opt-out system implies that if they wish to avoid the sale of recreational marijuana , they need to pass an ordinance or encourage citizens to authorize a ballot saying that the neighborhood does not want to take part. The treatments surrounding such ballots and when they need to occur or when they can take place is really dirty to say the least. Some think that they can't t

Locating the Right Marijuana Attorney

Anybody serious about opening up a medical cannabis business in Michigan should think carefully about the legal side of things. The industry is still in its beginnings, and there are great deals of legal matters that are perplexed or misconstrued by many individuals. Your organisation won't be around for long if you fall foul of the law and end up being taken to court. To help stop that scenario, you must concentrate on locating the appropriate cannabis lawyer. They can aid you when you have a legal issue or if you ever need to be represented in court. Local Lawyers Who Know the Local Law It's always best to choose a legal lawyer when it comes to hiring in this specific niche. Medical cannabis regulations differ wildly from one state to another, so you don't want to hire from a huge national firm due to the fact that they will not have the local legal understanding that's so vitally important when you're taking care of cannabis-related legal matters. It's a lot

Property and Asset Division in Divorce Cases

In every divorce case, no matter the circumstance of the parties, there will be a division of assets. Many individuals believe this is a basic "split the baby" determination. Nevertheless, that is not constantly the case. For checking account and joint debts, you might be able to do that. Nevertheless, when it pertains to retirement accounts, real estate, and service payments, the formula is not that basic. Each of these categories has its own distinct set of issues, and you will absolutely require an attorney to help you piece this together. Retirement Accounts and Pensions In cases where separating parties have retirement accounts or pensions, those assets are subject to division as part of the divorce as they are considered marital property. Nevertheless, pension and retirement accounts are considered and divided in a different way, and there are methods to make sure that you are getting present day, actualized worth for your granted portion. Determining what the "mar

After September 15, Can I Still be a Caregiver?

The Bureau of Medical Marijuana Regulation is persevering on their position that all cannabis centers that are not licensed by the State under the Medical Marihuana Facilities Licensing Act, will have to shut down, and will get a cease and desist letter at that time. While the centers are not mandated to close down, the State Bureau of Licensing and Regulatory Affairs has explained that any center that continues to run after receipt of the cease and desist will most likely not be given a license. Further, the State has set forth recommended Final Rules regarding Medical Marihuana Facilities licensing, which is going to allow or registered qualifying patients to receive home shipments from provisioning centers (with limitation, certainly) as well as will likewise permit online purchasing. So, where does that leave registered caregivers, that were anticipating to be able to stay relevant to their patients till 2021? Traditional The old for registered caregivers was quite straightforward

What To Know When Your Divorce Includes Child Custody

Single parent homes have become extremely common in America. Today over 23 million children live in a single parent home. Going through a divorce can be difficult, and when a child is involved, it can be much more tough and difficult. If you have a child who is under the age of eighteen, the issue of custody will be a part of your divorce procedures. Given that child custody problems are made complex, it deserves understanding all the concerns that you can come across. That's what we're going to look at today. How Do You Reach A Custody Agreement? If you're going through a divorce, there a variety of manner ins which you can reach a custody arrangement. It is necessary to ensure that you seek legal advice before you take any advances here. You need to be sure that you are making the best choice. Once you have actually done this, you can reach an informal arrangement utilizing an arbitrator or with the decision of a judge. Once an agreement has actually been reached informal

Prop One Passed and I Want A License to Sell Recreational Marihuana – What Do I Have to Do?

Recreational Cannabis Licenses So, the citizens have spoken and now recreational marihuana possession and usage are going to be legal in Michigan (they're not quite yet, as detailed in our blog site Proposal One Passed! What's Next? What's Legal?). Bear in mind, the passage of Proposal One does not change the fact that marijuana is still a schedule one drug, and it is illegal to have or utilize marihuana for any factor under Federal Law, and doing so could result in Federal charges. While that is unlikely to happen, it is still a possibility, and everybody must know it just the same. Beginning December 6, 2018 (though it might be a few days quicker depending on when the vote is officially certified by the State), people twenty-one (21) and older can possess and use cannabis, as long as you remain within the requirements of the brand-new statute. Nevertheless, the genuine concern for many company owner and investors has become, how do I get a commercial license in Michigan&#

Court of Appeals Publishes New Case Regarding Acknowledgments of Paternity and Custody

The Court of Appeals in Michigan issued a published opinion on December 5, 2017 regarding parenting time and  child custody , where the parties have an Acknowledgment of Paternity, but no subsequent written agreement or Court Order regarding Custody and parenting time . In  Natassia T. Sims v. Danny Darney Verbrugge , the Court of Appeals addressed the procedure by which an acknowledged father can gain custody or parenting time after an acknowledgement of paternity is signed.