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Finance & Bankruptcy News
  
  

September 28, 2022

In this issue:

  

  

  
   Tenant Rights Book   

The Impact of Michigan's Uniform Assignment of Rents Act on Tenants' Rights

Scott Hogan and Destiny Sykes (Summer Associate)

Taking effect on September 22, 2022, the Michigan Uniform Assignment of Rents Act (MUARA) will impact tenants’ rights in situations where landlords default on their loans. This Act also strengthens lenders’ rights, under certain circumstances, to appoint receivers to collect rent payments if one of their borrowers defaults on a loan secured by an income-producing property...

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   Dirty Hands Holding Money   

How the Inflation Reduction Act Impacts Farmers

Michael Zahrt

The Inflation Reduction Act became law as of August 16, 2022. The Act is another sprawling “reconciliation” bill, coming in at 730 pages. Within that text are a number of provisions that will directly impact the agribusiness industry. This article briefly highlights those provisions...

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Creating a Legacy & Maintaining Family Harmony with Effective Planning

October 4, 2022

Most family-owned businesses are built with legacy in mind; founders want their hard work to pass down through generations. They also want to provide opportunities for other family members to unite around a shared mission. Without an estate plan or succession plan in place, our most valuable asset, family relationships, can be disrupted in an instant.

Unresolved family conflict also rises to the surface and creates a sense of entitlement when a loved one dies, especially if no estate plan exists. (According to a 2022 Wills & Estate Planning Study by Caring.com, only 33% of Americans have an estate plan in place.) In Michigan, without an estate plan in place, state laws will fill the void and create a plan that will unlikely reflect your wishes, and cause greater strain among family members. Clear and detailed plans are crucial to avoid damage to family relationships, shifting the focus to continuing the legacy you have built.

Join us for our final “Legal Strategies for Women Leaders” session of 2022, which will examine how effective succession and estate planning will secure your legacy, and also preserve your greatest asset, family relationships. Moderator and business attorney Mindi Johnson will discuss “effective estate planning and building a legacy” with estate planning attorney Amanda Afton Martin:

  

  

  
  

What Employers Need to Prepare for in 2023

October 12, 2022

There is a lot that employers need to prepare and plan for in 2023. Join us at our Fall 2022 Labor & Employment Law Update which will discuss major issues and developments that your company needs to address now:

  • When: Wednesday, October 12 from 9:00-11:30 am
  • Cost: Free
  • Agenda & Presenters: 
    • Current Status of FLSA, Wage & Hour Laws and Minimum Wage
      • Karl Butterer and Tony Dalimonte will delve into what employers need to start planning for now with the stay of the 2018 ballot initiative set to end on February 19, 2023 that could fundamentally change minimum wage and the state’s paid medical leave laws.
      • If the current stay is not extended, how much will employers have to pay its employees and how many hours of paid sick leave will they need to provide?
    • Talent Recruitment and Retention Policies
      • Matt Fedor and Rob Hamor will explore trending topics, including enforceability of non-compete agreements and ghost job posting issues.
    • Compliance and Regulation Issues
      • Mark Koerner will discuss leave issues, including requirements under the Family Medical Leave Act (FMLA) & the Americans with Disabilities Act (ADA) and how to stay compliant in the myriad of changes in the law.
    • Workers’ Compensation
      • Alicia Birach will discuss workers' compensation premiums and other issues such as:
        Are remote work-related injuries covered?
    • Labor Law & Rapid Fire Look at DEI
      • Mike Blum and Cliff Hammond will give a look at any current issues under federal and state labor laws and mandatory arbitration issues.
      • A brief overview of DEI will also be provided, including a discussion of what it is and why it matters in the workplace.
    • Q & A 
      • Attorneys will be available to answer attendee questions at the end of the presentation. 

If you wish to attend in person, please contact Jake Leuvoy at 517.371.8125 or at jleuvoy@fosterswift.com by October 10 with your preferred office location to attend from (LansingGrand Rapids or Southfield). If you plan to attend virtually, please use the following link to register in advance: 

  

  

Lansing

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Southfield

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Grand Rapids

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Detroit

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Holland

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St Joseph

  

Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

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Copyright © 2022 Foster Swift Collins & Smith, PC.

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