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Honor Real Estate Lawyer, Michigan

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1-5 of 5 matches. Page 1 of 1  

John B. Daugherty

Real Estate, Estate Planning, Child Custody, Criminal
Status:  In Good Standing           
CONTACT
249 S Benzie Blvd, Beulah, MI 49617
Profile LAWPOINTS™32/100
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Richard J. Figura

Land Use & Zoning, Dispute Resolution, Government Contract, Limited Liability Companies, Medical Malpractice
Status:  In Good Standing           
CONTACT
11470 S Leelanau Hwy, Empire, MI 49630
Profile LAWPOINTS™34/100
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Catherine L. Wolfe

Divorce & Family Law, Estate Planning, Real Estate
Status:  In Good Standing           
CONTACT
Honor, MI 49640
Profile LAWPOINTS™24/100
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Brian L. Johnson

Estate, Estate Planning, Wills & Probate, Trusts, Real Estate
Status:  In Good Standing           Licensed:  28 Years

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CONTACT
Elberta, MI 49628
Profile LAWPOINTS™57/100
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Lawrence I. Mckay

Real Estate, Estate Planning, Estate
Status:  In Good Standing           Licensed:  50 Years
CONTACT
55 Sunset Dr, Frankfort, MI 49635
Profile LAWPOINTS™27/100
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LEGAL TERMS

DEBENTURE

A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific p... (more...)
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific piece of property. Repayment of a debenture is guaranteed only by the general credit of the issuer. For example, a corporation may issue a secured bond that gives the bondholder a lien on the corporation's factory. But if it issues a debenture, the loan is not secured by any property at all. When a corporation issues debentures, the holders are considered creditors of the corporation and are entitled to payment before shareholders if the business folds.

INCIDENTS OF OWNERSHIP

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to... (more...)
Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.

DIVIDEND

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)
A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.

HOMEOWNERS' ASSOCIATION

An organization comprising neighbors concerned with managing the common areas of a subdivision or condominium complex. These associations take on issues such as... (more...)
An organization comprising neighbors concerned with managing the common areas of a subdivision or condominium complex. These associations take on issues such as salting and sanding a subdivision when it snows and collecting dues from residents. The homeowners' association is also responsible for enforcing any covenants, conditions & restrictions that apply to the property.

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

ADVERSE POSSESSION

A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usua... (more...)
A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usually include continuous and open use for a period of five or more years and paying taxes on the property in question.

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

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