Townships, State Laws And Divisions

Question: Do townships go by state laws and if so what about a trust fund on the property that states it can't be split unless owned for ten years?

Answer: Yes, Townships must operate pursuant to Michigan Law. You mention that you may wish to divide property. If you wish to do so, you have a certain number of divisions allowed by the Michigan Land Division Act. I would recommend seeing a real estate attorney and enlisting his help to get the property divided. Also, there are other ways to divide property. Site plan Condominiums and Subdivisions are two examples.

Real Estate Law

Real Estate

Real estate law is a specialty area of law covering all the federal laws, local regulations and legal codes related to real estate, which is...

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Business Law

Business Law is a common name for the specialty area of law that is actually referred to as Commercial Law. The term Business Law describes and...

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Probate

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Estate Planning

Estate Planning is the process of arranging your affairs for the orderly and tax efficient transfer of your assets to the beneficiaries of your...

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Wills And Trusts

Wills And Trusts

One of the most important legal issues you have to address at some point in life is to set up your will, and when necessary a trust for your...

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Tax Law

Tax Law is the specialized area of law that deals with the federal and state laws and regulations governing personal taxes and estate taxes...

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