News

Gramzow, Kincaid Named to Bar Committees

Lipson Neilson attorneys Kirsten Gramzow and Starr Kincaid have been newly named to Oakland County and Michigan State Bar committees respectively.

Gramzow, has been selected as Vice Chair of the Oakland County Bar Association Membership Committee. The committee is responsible for maximizing the Bar membership and reviewing and/or recommending various types of services available to its membership as well as encouraging new memberships.

Kincaid has been appointed to the State Bar of Michigan’s Client Protection Fund Committee. The Committee is a program established by the State Bar of Michigan’s Board of Commissioners for the purpose of reimbursing clients who have been victimized by the few attorneys who violate the profession’s ethical standards by misappropriating funds entrusted to them.

Lipson Neilson Opens new Grosse Pointe OfficeLipson, Neilson, Cole, Seltzer & Garin, P.C. announces it has opened a new legal office in Grosse Pointe, Michigan.

The Grosse Pointe Farms location, which will be used immediately by the firm, is strategically located to better serve a number of current Lipson Neilson clients and provide opportunities for future business development in the area. Firm Managing Partner, Jeffrey Neilson, a resident of Grosse Pointe for more than 25 years, will lead the new office, supported by other Lipson Neilson attorneys who live in the area including Kay Butler and Mark Phillips.

“Having lived in Grosse Pointe for as long as I have, I understand how important it is for area citizens and businesses to support those businesses and individuals who have invested in the community,” said Mr. Neilson. “We see this expansion into Grosse Pointe as strategic and a tremendous opportunity to become more engaged in the area and serve those who are looking for local legal representation.”

The new Grosse Pointe office (at 102 Kercheval Ave. in Grosse Pointe Farms) will offer all of the legal services presently available through its principal office in Bloomfield Hills which include Corporate and Real Estate Transactions, Business and Personal Compensation and Tax Planning, Estate Planning and Probate Administration, Family Law and Divorce Litigation, and Business Litigation.

“The philosophy that has guided our Firm since 1985 is that our professionals are a team with a shared commitment to providing our clients with high quality legal services. While our office in Grosse Pointe may initially be small in size, it will provide the full resources of the Firm to those in need of legal services in the Grosse Pointe area” said Mr. Neilson.

Lipson Neilson Attorneys Honored by Peers

Lipson, Neilson, Cole, Seltzer & Garin attorneys Jeffrey NeilsonSteven ColeJoseph GarinJoseph StarrHoward Lax and Sandra Glazier have been chosen by their peers as exceptional attorneys for 2009 DBusiness and SuperLawyers annual publications. The honors are awarded to attorneys viewed to be at the top of their profession.

DBusiness, a bi-monthly Detroit area business publication, named Neilson, Cole, Starr, Lax and Glazier in their 2009 list of top lawyers. The list is based on a peer-review survey mailed to lawyers and members of the judiciary. Thousands of votes were cast honoring excellence in all areas of practice. Because the listings cannot be purchased, inclusion in DBusiness’ Top Lawyers is a singular honor.

Super Lawyers gives annual awards through a rigorous, multiphase process and peer nominations and evaluations are combined with third party research. Lipson Neilson attorneys Neilson, Cole, Starr, and Garin (Nevada) were selected for this honor in 2009.

Lipson Neilson Dance Marathon Sponsorship Helps U of M Raise Money Once Again for Charity

Lipson, Neilson, Cole, Seltzer & Garin have once again helped University of Michigan students put their best dancing feet forward for charity. The firm served as the lead sponsor in what has become annual dance marathon event to help fund the pediatric rehabilitation programs of the Mott Children’s Hospital in Ann Arbor and Royal Oak. More

Stuart D. Logan has joined Lipson, Neilson, Cole, Seltzer & Garin, P.C. law firm, as a shareholder in their Bloomfield Hills office.

Mr. Logan, who begins work with Lipson Neilson after more than 27 years with Dykema Gossett, will help lead the firm’s business transactional and securities practice, while also concentrating on corporate mergers and acquisitions. More

Renegotiation with Creditors Can Effectively Create New Business Cash Flow

By David B. Deutsch

In this economic environment, generating cash flow is a key to survival. Companies that are finding revenue numbers are relatively flat or lower than a year ago must do everything they can to retain cash so that bills and payroll can be paid.

One strategy increasingly being used by businesses is to renegotiate the existing terms of their loans, leases and other expenditures. In fact it is a common practice both locally and nationally. It can be effective and is an acceptable practice if done correctly. More

Douglas E. Kelin has joined Lipson, Neilson, Cole, Seltzer & Garin, P.C. law firm, as an attorney in their Bloomfield Hills office.

Mr. Kelin will work with the firm’s Real Estate, Corporate Finance and Banking Law practice groups. He has experience as counsel in all forms of businesses, and is experienced in handling issues varying from selecting an appropriate form of business entity, to corporate governance and business succession planning. Mr. Kelin also provides advice on a broad range of taxation issues.

Nordstrom Helps Launch UNLV Mentoring Program

Lipson Neilson attorney, Shannon Nordstrom, has co-founded the First-Year Student Mentoring Program at UNLV’s Boyd School of Law. The mentoring program matches first-year law students with attorneys in the community for the Spring semester of their first year in college to provide guidance, a first-hand look into the legal profession, as well as practical skills such as mock interviews. The program kicked-off on January 22, 2009 with a reception at Boyd, sponsored by Lipson Neilson. Due to the success of the program, Boyd will continue it with the new incoming class of law students. For more information on the mentoring program, please visit http://www.law.unlv.edu/csmentorprogram.html

“They Call Him Mr. Paulson”

A new article by Howard Lax, who discusses the $700 million government bailout of mortgage securities. Click for full article.

With Closely Held Businesses, Breaking up is Hard to Do
An article by David Deutsch that addresses the many challenges of closely held businesses. Click for full article.

Lipson Neilson Las Vegas Attorney Honored 

The Clark County Bar Association (NV) has presented Lipson Neilson attorney Shannon Nordstrom the 2008 Circle of Support Award. The award was presented to Nordstrom in ceremonies held January, 2009, acknowledging her as the outstanding committee member on the Community Service Committee.

As Co-Chair of the Community Service Committee, Nordstrom actively participates in the monthly meetings of the Committee, spearheads some of the Committee’s projects, and participates in all of the Committee’s philanthropic activiites in the Las Vegas community.

The Mortgage News
January - June 2008 Edition now available.

The Mortgage News
December 2007 Edition now available.

June 26, 2008
C. Thomas Ludden has been named partner of Lipson, Neilson, Cole, Seltzer & Garin, P.C., in Bloomfield Hills. Click here for full article.

June 24, 2008
Sandra D. Glazier has joined the Bloomfield Hills office of Lipson, Neilson, Cole, Seltzer and Garin, P.C. as an attorney in the firm’s Estate Planning Group and Center for Estate Planning. Click here for full release.

Articles

An Overview of Important Drafting Considerations Following Enactment of the Michigan Trust Code

by Sandra D. Glazier

The Michigan Trust Code (referred to in this article as the “MTC”) will become effective April 1, 2010. While the MTC may present many enhanced drafting opportunities, it may also create some unintended consequences for uninformed estate planners

HOPE NOW: Is the Fix in or is this Another Thumb in the Dike?
By Howard A. Lax

Breaking_From_Digital_Flock
By Jason M. Shinn

Choose Employee Benefit Plans Wisely
By Jeffrey T. Neilson