Most grandparents know about the annual gift tax exclusion, but what about larger wealth transfers? From pot trusts to 529 plans, explore the strategies that can help you leave a meaningful legacy for your grandchildren.
Fourteen attorneys at Kotz Sangster have been recognized by DBusiness Magazine as "Top Lawyers" in Metro Detroit.
Kotz Sangster has been recognized in Michigan's regional-specific areas by Best Law Firms®, ranked by Best Lawyers in America®. Additionally, fourteen of the firm's attorneys have been recognized in the 32nd Edition of Best Lawyers as well as in the 5th Edition of Best Lawyers: Ones to Watch.
On January 26, 2023, the Michigan Court of Appeals reversed the July 19, 2022 Court of Claims decision which would have reinstated the Earned Sick Time Act (“ESTA”) and the Improved Workforce Opportunity Wage Act (“IWOWA”), effective February 20, 2023. The Court of Appeals, in a unanimous ruling, held that the Michigan Legislature’s 2018 “adopt and amend” strategy was constitutional.
As a result, Michigan employers will not be required to expand their paid leave policies or increase the minimum wage next month.
It is anticipated that the decision of the Court of Appeals will be appealed to the Michigan Supreme Court.
Kotz Sangster continues to monitor this situation and will provide updates as additional information becomes available.