Shareholder Michael Umphrey brings more than 30 years of experience as a trusted counselor to entrepreneurs, especially owners of closely held and family owned businesses. To serve them, he has developed a high degree of expertise in the design and drafting of a broad range of sophisticated business plans. He can be a savvy counselor to those wishing to sell to an outsider. And his years of experience in estate planning gives him the experience to help design transitions to family members or valued employees.
As more and more of his clients are thinking about leaving their businesses, Mr. Umphrey has become a leader in exit planning. Together with the client, he develops a strategy that will meet the client’s personal and business goals and maximize his/her financial rewards.
Given the nature of an estate planning practice, Mr. Umphrey also has considerable experience dealing with incapacity situations and with the post-death administration of trusts and estates. His expertise in these areas aids clients in minimizing taxation, expenses, delays and post-death disputes.
He is an officer and a director of the firm.
Education:
B.A., Albion College, 1964
J.D., cum laude, University of Michigan, 1967
Bar and Court Admissions:
State Bar of Michigan, 1968
U.S. District Court for the Eastern District of Michigan
U.S. Tax Court
Memberships:
State Bar of Michigan
Member of sections on corporation, finance and business law;
probate and trust law; and taxation.
Detroit Metropolitan Bar Association
Oakland County Bar Association
Wayne County Probate Bar Association
American Bar Association
Federal Estate Planning Council of Detroit
Oakland County Estate Planning Council
Other:
Accredited Estate Planner by the National Association of Estate Planners and Councils
Articles:
Your legacy is about much more than money; Commentator, Spring 2006
U.S. Health Insurance Portability & Accountability Act and
Michigan Medical Records Access Act; Legal Update, 2005
Michigan Designations of Patient Advocates (“Living Wills”)
and Applicable Current Law; Legal Update, 2005
The Durable Power of Attorney —
Essential Protection for Your Financial Future; Legal Update, 2005
Naming a beneficiary —
It’s more complicated than you think; Commentator, Summer 2004
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