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	<title>Suttons Bay Law &#187; Asset Protection</title>
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	<link>http://www.suttonsbaylaw.com</link>
	<description>Suttons Bay Attorney Dan A. Penning - The Suttons Bay Law Offices of The Penning Group Advisors &#38; Attorneys - The Home of Cottage Law - 231.271.4500</description>
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		<title>Avoid the Pitfalls of Joint Accounts with a Durable Power of Attorney and Living Trust</title>
		<link>http://www.suttonsbaylaw.com/2012/03/29/avoid-the-pitfalls-of-joint-accounts-with-a-durable-power-of-attorney-and-living-trust/</link>
		<comments>http://www.suttonsbaylaw.com/2012/03/29/avoid-the-pitfalls-of-joint-accounts-with-a-durable-power-of-attorney-and-living-trust/#comments</comments>
		<pubDate>Thu, 29 Mar 2012 15:15:04 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[annual gift tax exclusion]]></category>
		<category><![CDATA[creditors]]></category>
		<category><![CDATA[durable power of attorney]]></category>
		<category><![CDATA[federal gift tax]]></category>
		<category><![CDATA[financial transactions]]></category>
		<category><![CDATA[gift tax]]></category>
		<category><![CDATA[joint financial accounts]]></category>
		<category><![CDATA[living trust]]></category>
		<category><![CDATA[tax liability]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=762</guid>
		<description><![CDATA[Many people employ the use of joint financial accounts as a matter of convenience, such as an elderly parent placing a child's name on the parent's checking account so that checks and deposits can continue if the parent is travelling or incapacitated.]]></description>
		<wfw:commentRss>http://www.suttonsbaylaw.com/2012/03/29/avoid-the-pitfalls-of-joint-accounts-with-a-durable-power-of-attorney-and-living-trust/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Treat Your LLC Like a Business to Protect Your Assets</title>
		<link>http://www.suttonsbaylaw.com/2012/03/22/treat-your-llc-like-a-business-to-protect-your-assets/</link>
		<comments>http://www.suttonsbaylaw.com/2012/03/22/treat-your-llc-like-a-business-to-protect-your-assets/#comments</comments>
		<pubDate>Thu, 22 Mar 2012 17:42:30 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Cottage Law]]></category>
		<category><![CDATA[cottage succession planning]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Suttons Bay Depot]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[business entity]]></category>
		<category><![CDATA[cottage succession plan]]></category>
		<category><![CDATA[family cottage]]></category>
		<category><![CDATA[family-owned assets]]></category>
		<category><![CDATA[L.L.C.]]></category>
		<category><![CDATA[limited liability company]]></category>
		<category><![CDATA[llc strategy]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=756</guid>
		<description><![CDATA[Many business owners form several types of business entities to hold their assets and operate different aspects of their businesses.  A common strategy is to form limited liability companies to hold real estate.  The operating entity, such as a manufacturing entity, pays monthly rent to the real estate LLC and this can work to keep liability of the operating entity separate from the real estate LLC. ]]></description>
		<wfw:commentRss>http://www.suttonsbaylaw.com/2012/03/22/treat-your-llc-like-a-business-to-protect-your-assets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Perils of Unprotected Business Credit Cards</title>
		<link>http://www.suttonsbaylaw.com/2012/03/15/perils-of-unprotected-business-credit-cards/</link>
		<comments>http://www.suttonsbaylaw.com/2012/03/15/perils-of-unprotected-business-credit-cards/#comments</comments>
		<pubDate>Thu, 15 Mar 2012 06:53:58 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[business credit cards]]></category>
		<category><![CDATA[credit card act 2009]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=737</guid>
		<description><![CDATA[With all the publicity of the new protections afforded consumers with the passing of the Credit CARD Act of 2009, business owners can be surprised to learn that the business credit card in their wallet is not covered by the CARD Act. Business credit cards do not fall under the protections of the Truth in Lending Act and the Credit CARD Act of 2009. ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>When Employers Can Be Liable for an Employee&#8217;s Debt</title>
		<link>http://www.suttonsbaylaw.com/2011/11/21/when-employers-can-be-liable-for-an-employees-debt/</link>
		<comments>http://www.suttonsbaylaw.com/2011/11/21/when-employers-can-be-liable-for-an-employees-debt/#comments</comments>
		<pubDate>Mon, 21 Nov 2011 12:00:21 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Employment Law]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[employee garnishment]]></category>
		<category><![CDATA[employer responsibilities]]></category>
		<category><![CDATA[garnishee disclosure form]]></category>
		<category><![CDATA[state of michigan]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=388</guid>
		<description><![CDATA[Employers, however, face a huge risk relative to its employees' garnishment proceedings because in the State of Michigan, employers can be held liable for the entire debt of the employee that is subject of the garnishment, including court costs and attorney's fees, if the employer fails to comply with certain requirements.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gifting to Avoid Estate and Gift Taxes</title>
		<link>http://www.suttonsbaylaw.com/2011/10/25/gifting-to-avoid-estate-and-gift-taxes/</link>
		<comments>http://www.suttonsbaylaw.com/2011/10/25/gifting-to-avoid-estate-and-gift-taxes/#comments</comments>
		<pubDate>Tue, 25 Oct 2011 12:00:05 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Business Succession]]></category>
		<category><![CDATA[Cottage Law]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[1932 gift tax]]></category>
		<category><![CDATA[annual exclusion]]></category>
		<category><![CDATA[estate taxes]]></category>
		<category><![CDATA[gift assets]]></category>
		<category><![CDATA[gift tax]]></category>
		<category><![CDATA[gift tax exceptions]]></category>
		<category><![CDATA[gifting]]></category>
		<category><![CDATA[overall gift tax exemption]]></category>
		<category><![CDATA[tax-free transfers]]></category>
		<category><![CDATA[tax-free transfers of assets]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=325</guid>
		<description><![CDATA[Going, Going, Gone! U.S. taxpayers are experiencing a &#8220;perfect storm&#8221; of opportunity to make tax-free transfers (gifts) of assets such as family businesses, real estate and other wealth from one generation to the next. The gift tax was first enacted in 1932 by the federal government. Over the coming months, we all have what may [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Automobile Rentals &#8211; What Every Person Should Know About Insurance Issues</title>
		<link>http://www.suttonsbaylaw.com/2011/09/12/automobile-rentals-what-every-person-should-know-about-insurance-issues/</link>
		<comments>http://www.suttonsbaylaw.com/2011/09/12/automobile-rentals-what-every-person-should-know-about-insurance-issues/#comments</comments>
		<pubDate>Tue, 13 Sep 2011 02:07:24 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[applicable deductibles]]></category>
		<category><![CDATA[assume all risk]]></category>
		<category><![CDATA[auto collision damage waiver]]></category>
		<category><![CDATA[auto rental collision damage waiver]]></category>
		<category><![CDATA[automobile rentals]]></category>
		<category><![CDATA[benefit of credit card membership]]></category>
		<category><![CDATA[car rental companies]]></category>
		<category><![CDATA[car rental contract]]></category>
		<category><![CDATA[car rental physical damage waiver]]></category>
		<category><![CDATA[car rentals]]></category>
		<category><![CDATA[injuries]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[insurance options]]></category>
		<category><![CDATA[liability coverage]]></category>
		<category><![CDATA[limits in the policy]]></category>
		<category><![CDATA[optional damage waiver]]></category>
		<category><![CDATA[primary insurance coverage]]></category>
		<category><![CDATA[repair physical damage]]></category>
		<category><![CDATA[replacemenjt vehicle]]></category>
		<category><![CDATA[surcharges]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=260</guid>
		<description><![CDATA[Have you ever stood at an automobile rental counter while traveling staring at a rental contract trying to figure out what the insurance options mean? &#8220;Should I buy additional coverage through the rental car company or am I paying for coverage I already have based on my insurance coverage for my own vehicle?&#8221; Consider the [...]]]></description>
		<wfw:commentRss>http://www.suttonsbaylaw.com/2011/09/12/automobile-rentals-what-every-person-should-know-about-insurance-issues/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unexpected Mental Illness and the Designation of a Patient Advocate</title>
		<link>http://www.suttonsbaylaw.com/2011/08/30/unexpected-mental-illness-and-the-designation-of-a-patient-advocate/</link>
		<comments>http://www.suttonsbaylaw.com/2011/08/30/unexpected-mental-illness-and-the-designation-of-a-patient-advocate/#comments</comments>
		<pubDate>Tue, 30 Aug 2011 05:16:43 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[Personal Management]]></category>
		<category><![CDATA[advocate for care]]></category>
		<category><![CDATA[drug interactions]]></category>
		<category><![CDATA[erroneous diagnosis]]></category>
		<category><![CDATA[medical care]]></category>
		<category><![CDATA[mental health]]></category>
		<category><![CDATA[mental health care]]></category>
		<category><![CDATA[mental health providers]]></category>
		<category><![CDATA[metabolic imbalance]]></category>
		<category><![CDATA[patient advocate]]></category>
		<category><![CDATA[patient advocate forms]]></category>
		<category><![CDATA[psychiatric care]]></category>
		<category><![CDATA[treatment]]></category>
		<category><![CDATA[wrong diagnosis]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/?p=244</guid>
		<description><![CDATA[Many of us know someone or will possibly be responsible for someone that is affected by mental illness.]]></description>
		<wfw:commentRss>http://www.suttonsbaylaw.com/2011/08/30/unexpected-mental-illness-and-the-designation-of-a-patient-advocate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>News Briefs and Emerging Trends with Golden Boomers</title>
		<link>http://www.suttonsbaylaw.com/2011/08/03/news-briefs-and-emerging-trends-with-golden-boomers/</link>
		<comments>http://www.suttonsbaylaw.com/2011/08/03/news-briefs-and-emerging-trends-with-golden-boomers/#comments</comments>
		<pubDate>Wed, 03 Aug 2011 05:03:24 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[Personal Management]]></category>
		<category><![CDATA[baby boomers]]></category>
		<category><![CDATA[estate plan]]></category>
		<category><![CDATA[financial well being]]></category>
		<category><![CDATA[generation jones]]></category>
		<category><![CDATA[golden boomers]]></category>
		<category><![CDATA[personal legal health]]></category>
		<category><![CDATA[succession plan]]></category>
		<category><![CDATA[wealth advisory]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/2011/08/03/news-briefs-and-emerging-trends-with-golden-boomers/</guid>
		<description><![CDATA[Every day my in box fills with information from many sources. Some is from mainstream media, trade journals, special reports and various reviews and findings from the legal and wealth advisory community. Often, while reading an article or report, many people come to mind that I think might also share an interest in the information. [...]]]></description>
		<wfw:commentRss>http://www.suttonsbaylaw.com/2011/08/03/news-briefs-and-emerging-trends-with-golden-boomers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Preparing Your Heirs for Their Inheritance</title>
		<link>http://www.suttonsbaylaw.com/2011/07/18/preparing-your-heirs-for-their-inheritance/</link>
		<comments>http://www.suttonsbaylaw.com/2011/07/18/preparing-your-heirs-for-their-inheritance/#comments</comments>
		<pubDate>Tue, 19 Jul 2011 04:30:24 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Business Succession]]></category>
		<category><![CDATA[cottage succession planning]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[Personal Management]]></category>
		<category><![CDATA[Cottage Law]]></category>
		<category><![CDATA[estage plan]]></category>
		<category><![CDATA[family assets]]></category>
		<category><![CDATA[family values]]></category>
		<category><![CDATA[inheritance]]></category>
		<category><![CDATA[preservation of family wealth]]></category>
		<category><![CDATA[succession]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/2011/07/18/preparing-your-heirs-for-their-inheritance/</guid>
		<description><![CDATA[As we counsel clients during the preparation of their estate plans, one concern is usually very evident &#8211; parents are worried that their children will squander the funds and assets that they worked very hard to accumulate. This concern can be addressed in many ways, but usually, parents request specific provisions in their estate planning [...]]]></description>
		<wfw:commentRss>http://www.suttonsbaylaw.com/2011/07/18/preparing-your-heirs-for-their-inheritance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Real Estate Taxes and Joint Ownership of Michigan Real Property</title>
		<link>http://www.suttonsbaylaw.com/2011/05/09/real-estate-taxes-and-joint-ownership-of-michigan-real-property/</link>
		<comments>http://www.suttonsbaylaw.com/2011/05/09/real-estate-taxes-and-joint-ownership-of-michigan-real-property/#comments</comments>
		<pubDate>Tue, 10 May 2011 02:35:22 +0000</pubDate>
		<dc:creator>Dan Penning</dc:creator>
				<category><![CDATA[Asset Protection]]></category>
		<category><![CDATA[Cottage Law]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Know it Now]]></category>
		<category><![CDATA[]]></category>
		<category><![CDATA[actual property value]]></category>
		<category><![CDATA[joint ownership]]></category>
		<category><![CDATA[joint ownership with rights of survivorship]]></category>
		<category><![CDATA[joint tenancies]]></category>
		<category><![CDATA[klooster v city of charlevoix]]></category>
		<category><![CDATA[michigan property tax system]]></category>
		<category><![CDATA[michigan supreme court decision]]></category>
		<category><![CDATA[original owner]]></category>
		<category><![CDATA[property taxes]]></category>
		<category><![CDATA[state equalized valuation]]></category>
		<category><![CDATA[taxable value]]></category>
		<category><![CDATA[transfer of ownership]]></category>
		<category><![CDATA[uncapping occurrence]]></category>

		<guid isPermaLink="false">http://www.suttonsbaylaw.com/2011/05/09/real-estate-taxes-and-joint-ownership-of-michigan-real-property/</guid>
		<description><![CDATA[The Practical Effect of Michigan Supreme Court&#8217;s Decision in the case of Klooster v City of Charlevoix The Supreme Court&#8217;s decision in the Klooster case provides that certain types of joint ownership of real estate in Michigan can prevent property taxes increasing at the time of a joint owner&#8217;s death. While the decision is generally [...]]]></description>
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		<slash:comments>0</slash:comments>
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