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What’s the
Representatives from Oxford headed down to Pontiac Feb. 18 for a pep rally cel-
ebrating the 10th anniversary of Main Street Oakland County and the fact that nine
communities, of which Oxford was one, were officially certified as Accredited Main
Street communities. See story on Page 5. Photo provided.
2 What’s The Biz -- March 2010
Maxwell
Perhaps the best counsel a lawyer can give
is to maintain an up-to-date estate plan and This designation — which applies to
to discuss those documents’ content and people caring for their aging parents while
location with loved ones. Estate planning is supporting their own children — may be ap-
one of the most important steps any person
&
plicable to you if you’re either a younger
can take to make sure that their final property
and health care wishes are honored, and that
loved ones are provided for in their absence.
ASSOCIATES, PLLC Baby Boomer, born in the late 1950s or early
1960s, or an older member
However, most people die without even a ATTORNEY & COUNSELORS of “Generation X,” born in
the mid-1960s.
simple will or “intestate”. But any way you slice
If a deceased person
owned no property titled in Specialists In it, being in the “Sandwich”
group is probably going to
his or her name alone, then
there is no property to ad-
minister and no need for
“probate” or court admin-
istration of a deceased
ESTATEForPLANNING
Families
present you with some
challenges, particularly of
the fi nancial kind — so
you’ll need to make the
right moves.
person’s estate. However, Basically, you should
cars, houses, bank ac-
counts, stocks, bonds, etc. Come in For consider two areas of de- Andrew Hunter
Phillip Maxwell that were in only the cision-making — those af- of Edward Jones
Your fecting the future of you
deceased’s name will require the opening of
a probate estate and their property must be
distributed in accordance with the provisions
FREE and your children and those affecting your
elderly parents’ lifestyle and legacy.
Regarding your future, and that of your
of Michigan’s “intestate succession” law.
In Michigan, probate administration is un- ESTATE children, you’ll need to prioritize your goals.
Some people, when weighing the merits of
der the “jurisdiction” (authority) of the pro-
bate court, which is a EVALUATION investing for retirement versus saving for
their children’s college educations, conclude
“county” court. Several Call For An that while loans are available for college, none
detailed forms, documents,
and “sworn statements”
Appointment Today are offered to retirees. Consequently, they
focus more heavily on retirement. If you’re in
must be filed with the pro-
bate court in order to open
20 Hudson St • Oxford • 248-969-1490 this camp, you’ll probably want to contrib-
ute as much as you can possibly afford to
an estate. The family of the your IRA and 401(k) or other employer-spon-
deceased person is not re- sored retirement plan.
quired by law to have an
attorney to open an estate.
Because nearly 7 million investors However, if you feel strongly about help-
ing your kids go through college relatively
However, most people find Molly B. Maxwell have the audacity to believe in debt-free, you may want to explore some col-
it is much easier and faster to have an experi- lege-savings options, such as Section 529
enced lawyer handle the legal paperwork in-
volved in administering an estate. one-to-one attention when it plans and Coverdell Education Savings Ac-
counts, both of which offer signifi cant tax
When the estate is opened, a. “Personal
Representative” will be appointed to “admin- comes to their investments. advantages.
In any case, these goals don’t have to be
ister” the estate, which means sign the docu-
ments, pay the deceased’s debts and distrib- Thank you. mutually exclusive — but if you’re going to
address them both, you will have to make
ute the property. some key decisions regarding allocation of
The Personal Representative is granted resources. And while you’re handling these
“Letters of Authority” that allow him or her issues for yourself and your children, you’ll
to sell property, access safe deposit boxes, need to juggle the needs of your elderly par-
etc. It is the duty of the Personal Representa- Ranked “Highest In Investor Satisfaction ents. With luck, you won’t have to contrib-
tive to first pay the debts of the deceased ute fi nancially, but you may be required to
out of the proceeds of the estate, including with Full Service Brokerage Firms.”
put in some time and energy to help make
burial expenses. Then the Personal Repre- sure your parents’ situation remains positive.
sentative must distribute the in strict accor- This means you’ll need to ask some ques-
dance with the laws of “intestate” inherit- Andrew Hunter tions. Where do your parents bank?
ance. Financial Advisor Do they have a brokerage account? If so,
The term “heirs” refers to those persons do you know the name of their fi - nancial
entitled to the property of the deceased un- 826 S. Lapeer Rd., Andrew
Suite A Hunter
advisor? Have they taken steps to remain fi
der the “intestate succession” law. There is a Oxford, MI 48371 Financial Advisor . nancially independent if they ever need to
very specific “order” in which property will (248) 628-3811 826 South Lapeer Road go to a nursing home or employ home health
be distributed to a person’s family. Suite A
care assistants? Have they drawn up a will, a
An attorney can analyze and explain to Oxford, MI 48371
Edward Jones received the highest numerical score among full service
248-628-3811 living trust or other estate plan documents?
you how the laws of “intestate” inheritance brokerage firms in the proprietary J.D. Power and Associates 2009 Full Would they be willing to have you or an-
will be applied in your specific situation. Service Investor Satisfaction Study. S M Study based on responses from
4,438 investors measuring 21 investment firms and measures opinions other family member assume power of attor-
If a family member has died without a will of investors who used full service investment institutions. Proprietary
ney should they become incapacitated? In
our office can help make a difficult situation study results are based on experiences and perceptions of consumers
surveyed in March-April 2009. Your experiences may vary. Visit raising these questions, you will have to ap-
a bit easier. Call our office to set up an ap- jdpower.com.
proach your parents with tact and sensitiv-
pointment. Member SIPC © Edward Jones, 2010 Please See EDWARD JONES on Page 11
4 What’s The Biz -- March 2010
Eats
C.J. Carnacchio.
Taste for
WTB’s
Out For Lunch lunch
21 S. Washington St.,
Sit Down Oxford, 248-969-2801
Golden Dragon (Chinese)
Dining 32 S. Washington St.,
American Legion Post 108 Oxford, 248-628-9800
130 E. Drahner Rd. Italia Gardens (Italian)
Oxford, 248-628-9081 1076 S. Lapeer Rd.,
Big Boy - Oxford Oxford, 248-628-4112
955 S. Lapeer Rd., Thai Cuisine (Thai)
Oxford, 248-628-3841 180 S. Washington St.
Honey Tree Grille & Coney Oxford, 248-236-9205
978 N. Lapeer Rd.,
Oxford, 248-236-4161
Coney Joint
Ken’s Coney Island Country Coney
212 S. Washington St. 1040 S. Lapeer Rd.,
Oxford, 248-969-3665 Oxford, 248-628-7712
Lakeville Inn Honey Tree Grille & Coney
1318 Rochester Rd. 978 N. Lapeer Rd.
Lakeville, 248-628-4460 248-236-4161
Louie’s Food & Spirit
600 Lakeville Rd., Pizza Place
Lakeville, 248-628-2440 Cottage Inn Pizza
(The) Nugget 51 S. Washington St.
1055 S. Lapeer Rd
Oxford, 248-628-2503
Ox Bar and Grill
Oxford, 248-628-9500
Guido’s Premium Pizza
1396 S. Lapeer Rd.,
Downtown eatery offers delicious homecooking
22 S. Washington St. Oxford, 248-969-2111
248-628-1400 Isola’s Pizzeria & Restaurant
Wouldn’t it be great to enjoy home- grandmother’s back in the kitchen cooking A Familiar Taste offers Chicken & Dump-
Oxford Hills Golf Club 80 N. Rochester Rd. cooking on your lunch hour without up a storm just for you. ling, Red Beans and Rice, Turkey Black Bean,
(Seasonal) Addison Twp., 586-752-3585 having to spend your precious time in From chicken and tuna salad to corned beef Mac & Cheese, Corn Chowder, Clam Chow-
300 E. Drahner Rd. Jet’s Pizza the kitchen? and smoked turkey, there’s something to suit der and Red Chicken Chili.
Oxford, 248-628-2518 204 S. Washington St. Well, downtown Oxford’s new res- every taste. All soups come with freshmade cornbread
Oxford Tap Oxford, 248-969-5387
5 S. Washington St. Little Caesar’s Pizza taurant, A Familiar Taste, has got you The Zippy BLT sounds good to us. Ba- and the selection changes daily.
Oxford, 248-236-0380 89 W. Burdick St., covered. con, mayo, spring mix, tomato, red onions, A Familiar Taste is open Monday through
Red Knapp’s American Grill Oxford, 248-628-6302 Located at 33 N. Washington St., the salt and pepper, all for $5.95. Friday from 9 a.m. to 9 p.m. and on Saturday
2 N. Washington St.,
Oxford, 248-628-1200 Fast Food eatery offered a fantastic selection of
homemade sandwiches, soups and sal-
Given winter’s far from over, how about a
nice, piping-hot bowl of soup to fight off the
from 9 a.m. until 3 p.m.
For more information, call (248) 572-6333.
24th Street Tavern Burger King
13 S. Washington St 583 S. Lapeer Rd. ads that will make you think your gray skies and wet snow? – Biz Editor C.J. Carnacchio
Oxford, 248-628-1217 Oxford, 248-628-3636
Tami’s Grill Dairy Queen
1386 S. Lapeer Rd.
Oxford, 248-236-0900
Victoria’s Delights
Oxford, 248-628-3690
McDonald’s
280 N. Washington St.
Forget ham and cheese – try a veggie sandwich
12 S. Washington St. Oxford, 248-628-2780 Make a spread out of the follow- bread. Place finely shredded purple cabbage
Oxford, 248-969-3477 Subway Sandwiches ing ingredients and place on a thick Place well drained sauerkraut, Dijon mus- and shredded carrots in a bowl and mix with
‘Wiches 95 W. Burdick St. slice of whole-wheat bread. Natural tard & Swiss cheese on a thick slice of rye plain yogurt, crumbled blue cheese & lemon
40 N. Washington St. Oxford, 248-969-6920
Oxford, 248-572-4790 Uncle Boomba’s Mr. Pita/
peanut butter, honey, wheat bread and broil until the cheese is juice.
germ & brewers yeast. melted. Spread on thickly sliced bread and top
Ethnic Dairy Queen
1010 S. Lapeer Rd., Spread cream cheese Cover a thick slice of rye bread with with alfalfa sprouts.
Casa Real (Mexican) Oxford, 248-969-2222 over raisin bread and top spicy mustard, horseradish, provolone Spread cream cheese over thickly sliced
with chopped dates, roasted & coleslaw. bread and cover with avocado slices, thinly
walnuts & apple slices. Saute’ bell peppers and onions with sliced tomatoes & alfalfa sprouts.
Restaurant managers Finely dice water chest-
nuts, spinach, toasted al-
Italian, Mexican, Greek or Indian
spices, until soft. Place on bread and
Cover bread with Russian dressing,
Havarti cheese, coleslaw, tomato slices &
-- call us if you would like to monds & peeled cucumbers. top with grated, Parmesan, pepper red onion slices.
have a menu item featured! Mix with cream cheese and Mary Forte jack, feta or cheddar cheese, and broil Mary Forte is an Oxford Village Resi-
248-628-4801 spread on your favorite until cheese is melted. dent.
Hello Main Street!
Always abuzz with traffic and activity, downtown Oxford is once again an
accredited Main Street community. Photo by C.J. Carnacchio.
ELLA FASHION
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1097 South Lapeer Road • Oxford 248-628-2538 • Fax 248-628-0721
7 N. Washington • Oxford • 248-969-7777 248-628-2565 • www.dkpins.com Tim Davidson, R.Ph.
What’s The Biz -- March 2010 9
School district
wants to buy
Meriam bldg.
By C.J. Carnacchio
Biz Editor The Meriam building at
10 N. Washington St.
Oxford Community Schools has nixed its
plans to buy a local church to house its pre-
school programs and is instead, looking to
purchase a historic building in downtown
Oxford with the intention of moving the
district’s central administration and board of
education offices there.
During a Jan. 29 special meeting, the
school board approved the issuance of a
purchase agreement for the Meriam building
(shown right), located at 10 N. Washington
St. and owned by local builder Dave Weckle. Sister Margaret Therese (left) and Sister Virginia, both from the Dominican Sisters
When asked what the price tag is for the of Peace in Oxford, along with Tori Krans, 3½, of Oxford, pose for a photo with Dora
building, Superintendent Dr. William Skilling the Explorer at the Big Boy restaurant in Oxford. Photo provided.
replied, “I can’t share that right now because
the seller doesn’t want to divulge that in case
we don’t purchase it.”
“Once we know for sure we’re closing on
it, the seller has no problem with us disclos-
ing the price,” he said.
Due diligence will be conducted by the
district over the next 60 days to determine
whether the building, constructed in 1912, cording to the superintendent.
meets all requirements and if it will be cost- “Once the central administrators move into
effective to remodel. their new downtown digs, their old building
The district wants a “downtown pres- at 105 Pontiac St., which is a little over 8,000
ence” along M-24 because it’s beneficial from square feet, will be converted into a preschool/
a marketing standpoint. childcare center.
“Being on M-24 brings a lot more expo- Originally, the district had planned to pur-
sure to the school district,” Skilling said. “You chase the First Baptist Church of Oxford (150
have thousands of cars that drive up and Pontiac St.) for just under $1 million, then
down M-24 everyday. It gives us the ability spend another $1 million renovating the build-
to better market our school district to people ing to suit its needs. Loran S. Coffman, CPhD, RFC
driving up and down M-24 on a daily basis.” The district planned to pay for it by using
It also helps stimulate the local economy, $1.5 million from the $32.735 million bond WPS-Investments Inc.
according to the superintendent, because it approved by voters in November, then bor- Stone Pine Complex
gives district employees the opportunity to rowing an additional $500,000. 189 W. Clarkston Rd.
patronize downtown businesses when they However, after conferring with the state
Lake Orion, MI 48362
visit the central office for professional devel- on what it would take to bring the building
opment meetings.
“At lunchtime, those people are in walk-
up to code, it was determined that an addi-
tional $500,000 in renovations would be nec-
248-693-5599
ing distance to eight different restaurants in essary, bringing the total project cost up to www.WPSinvestments.com
the downtown area,” Skilling said. $2.5 million.
“The Meriam building offers plenty of “It simply got beyond our cost and means
room for the central office. The first and sec- to be able to do that project,” Skilling said.
ond floors have a combined 7,200 square feet, “It got to the point where we didn’t feel com-
plus there’s a lower level with two very large fortable borrowing $1 million with the opera-
rooms, which Skilling said would be perfect tional budget being as tight as it is. It was
for professional development sessions. just too risky for us to continue to pursue it.
“Not much remodeling work needs to be That’s why we had to look for an alternative
done outside of some cosmetic changes, ac- solution for the preschool program.”
What’s The Biz -- March 2010 11
Is there such a thing as a Edward Jones
‘no-surprises’ credit card?
Statistics show that the average house-
hold today actively uses nine different credit
cards – a combination of department store
charge cards, gas cards and bank issued
ZOOM Into Spring with
Continued from Page 3
ity.
However, you may be pleasantly surprised
at your parents’ willingness to talk about
these issues; after all, they almost surely
cards! How many cards do you use?
A comprehensive
credit card reform law
New/Used Car Loans want to avoid burdening you with extra fi
nancial responsibilities.
as low as The best time to approach your parents is
went into effect in Au- when they are healthy, both mentally and
gust of 2009, and most
*
4.5% APR
physically.
of its provisions took
effect on February 22, It’s especially important to be aware of
2010 – be sure to look even minorseeming cognitive impairments,
at your statement and (2008, 2009 & 2010)
such as memory lapses, which can result in
disclosures closely! paying the same bills two or three times, for-
Many financial institu- getting to record checks or even falling prey
tions raised their credit to fraudulent investment schemes.
card rates and changed If you suspect your parents may be hav-
the terms of their credit ing these troubles, you’ll need to step in im-
card contracts before Carolyn Chevrier is No Surprise mediately.
the February 22, 2010 president of Lakes It’s not easy being a Sandwich Genera-
provisions took place, Community Credit
and you should expect Union.
that things will con-
tinue to changes within the bounds of the
VISA’s
Check
Check out
out our
our article
article
tion member, but through diligence and proper
planning, you should be able to help avoid
getting “squished” — while improving the
outcomes for all your beloved family mem-
new law. bers.
For example, the new law requires a credit
card company to give you a longer notice 350 N. Park Blvd. (Lapeer Rd.)
period that your interest rate will increase on Lake Orion *Limited time offer - restrictions
future purchases. The notice will either be apply, stop in or call today for more
on your statement or in a disclosure – so the
card you signed up for with a low variable
248-814-4000 information
Money
when you
need it!
Auto Loans
Personal Loans
Debt Consolidation
Oxford Branch
248-236-8135