Orion Biz Feb 2009

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February 2010 -- Whats The Biz -- Lake Orio

Eat localEat localEat localEat localEat localJohn and Stephanie Kroell of Lake Orion,pictured here with their twins, Ryan and Tyler, 13, as well as

8-year-old Troy, are new owners at Times Square Deli and Res-taurant. See Whats for Lunch on page 4.

BIZBIZBIZBIZBIZA monthly collaborative with the Orion Area Chamber of CommerceA monthly collaborative with the Orion Area Chamber of CommerceA monthly collaborative with the Orion Area Chamber of CommerceA monthly collaborative with the Orion Area Chamber of CommerceA monthly collaborative with the Orion Area Chamber of CommerceOrion StyleOrion StyleOrion StyleOrion StyleOrion Style

Whats theWhats theWhats theWhats theWhats theWhats the

Feb. 2010 Vol. 3 #12

Inside This Month:Looking for work? Need some tips to land the perfect job? Checkout the Career Expoo coming to Orion Township, Wednesday,Jan. 27. Story on page 3.

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2 Whats The Biz -- Lake Orion -- February 2010

Kiddie Tax applies to college kids

Anita GatesDelventhal is ownerof AG ConsultingServices in OrionTownship.

Have some Lake Orion

business news to sharewith the community?

Send information and

photos to

lakeorionreview@sbcglobal.net248-393-0403www.agconsultingservices.com

Your QuickBooks,Tax & Financial Resource Center

Your QuickBooks, Tax &Benefits Center

3 Divisions To Provide You

The Best Services In Our Areas Of Expertise

1. Your Certified QuickBooks ProAdvisor

2. Your Tax Planning & Preparation Advisor

3. Your Benefits Counselor

AGCSis Answers with Guidance while

Committed to providing winning SolutionsWe will always return your call

248-393-0403

The so-called Kiddie Tax was putin place years ago to stop parents fromtransferring invest children under age

13.The child would

be in a lower taxbracket which re-duced the parentstax on that invest-ment income.

This was, in myopinion, a great taxplanning tool.

Over time, theage limit increasedto 14 then to 18 in2005. In 2008 andbeyond, the age is 18or a full-time student

over the age of 18but under age 24 at the end of the tax-able year.

Parents, be very careful if you havecollege age students who file their taxreturns on their own.

If your child is your dependent (youprovide more than 50 percent of theirsupport) and your child has investmentincome (over $1,900 in 2009) I highly

recommend you have your tax profes-sional prepare both your returns andyour childs returns.

In these situations your (the parent)return must be completed first then yourchilds return can be completed.

The Kiddie Tax does not allow youto shift investment income onto yourchilds return to get the lower capitalgains tax rate.

Your tax rate will be applied to yourchilds taxable income. This is done onForm 8615 in your childs return.

Did you know, in 2009, Congress en-acted seven (7) Acts that affect our

pocketbooks through tax legislation?And.. they are not done.

Anita Gates Delventhal is President &CEO of A.G. Consulting Services Inc. She

has more than 25 years in the accounting,tax and financial industries. She has re-cently received an award from BiltmoreWhos Who as an Honored VIP Memberfor 2009-2010 because of her outstandingleadership and achievement in her profes-sion and industry. Do not hesitate to con-tact Anita at 248-393-0403, by email [email protected] or visither website and resource center atwww.agconsultingservices.com.

GrowingGreen

Earth Day ExpoApril 22

Its time to re-think, re-energize,re-charge and re-educate ourselves.

We encourage you to partner withOrion Township as we increase ourefforts to forge ahead and take thegreen community challenge.

We invite you to showcase yourefforts at our Growing Green EarthDay Expo 2010. Several thousand

people will be attending this excitingExpo on Thursday, April 22, at KingsCourt Castle-Olde World CanterburyVillage, located at 2369 Joslyn Court.

Exhibits will consist of an array ofgreen products and services, reliableeducation resources, green organiza-tions, energy efficiency and conserva-tion incentives, green career opportu-nities, green growing resources, green

parks and trails leisure, green pantryand healthy living, organic closets andhomes, recycling incentives, and somuch more.

We are putting together a GreenTeam comprised of business repre-sentatives, property owners and non

profit organizations that offer incen-tives, products and services support-ing green alternatives.

If you are interested in becominga vendor at our Growing Green EarthDay Expo, contact Lisa Sokol, Direc-tor of Community Programs at theParks and Recreation Office [email protected] or call 248-391-0304, ext. 134.

A message fromLisa Sokol

Orion Townships Director ofCommunity Programs

Orion Area Chamber of Commer

2010 Chamber Leadersh

PresidentRosemary Rangi

Crittenton Medical Equipmen

Vice PresidentBill Kokoenos

Orion Senior Center

TreasurerAlice Young, CPA

SecretaryLoretta Spatafore

uSellOnline

DirectorsMartha Bergquist

Coffee News

Carl CyrowskiMichigan Global Solutions LLC

Theresa FioraniCanoe Circle Graphics

Elizabeth MeyerGenisys Credit Union

Dawn NeeleySeniors Helping Seniors

James PorrittAttorney at Law

Neal PorterVette Products

Linda SicklesOrion Township Public Library

Monica SquarciaNational City Bank /PNC

Karen UlrichQueensland Marketing

Craig ZmijewskiAAA Michigan

Orion Area Chamber of CommeP.O. Box 484

Lake Orion, MI 48361248-693-6300

[email protected]

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Orion Area Chamber of Commerce

Chambers new president steps inA message from Rosemary Rangi

Free socialmedia seminar

Job fair slated for Jan. 27 in Orion

Briefly

A new year signals new beginnings.For the Orion Area Chamber of Com-merce, I am both honored and excited tohave been chosen asthe next President.

I feel very privi-leged to have withme on the Board ofDirectors, somevery talented andgifted individuals

whose experiencewill help guide usover the course ofthe next year.

The Chamberright now is at a crossroad. We have lots

of ideas as to which direction we wouldlike to see the Chamber move towards.

We also have some new board mem-bers who bring with them many sugges-tions for improvement.

In an effort to re-invent ourselves,we are soliciting feedback from our mem-

bership.We will be utilizing this information

as we plan our activities for the year.We are also very enthusiastic about

developing a good working relationship between the Chamber, Orion Townshipand the Village of Lake Orion.

By cooperating with each other wecan certainly accomplish more.

The Chamber strongly encourages

our membership as well as our comnity to SHOP LOCAL.

The benefits of doing so contri back directly to the success of the in which we work and live and help vide a solid foundation for contingrowth.

Lake Orion is a great place to livwork and enjoy.

The Orion Area Chamber of Cmerce is here to serve the businesses

the community and we look forwardoing so in 2010.Rosemary Rangi is the director o

erations for Crittenton Medical Eqment, overseeing facilities in both LOrion and Rochester Hills.

Rosemary Rangi,President

Orion Area Chamber

Have you wondered howFacebook and Twitter can helpyour business?

Oakland Community College ishosting a free two-part seminar onSocial Media Marketing for SmallBusiness in February and March2010.

Kevin Outland of Pure EnergyAdvertising will be conducting the

seminars at OCC Highland Lakescampus.Part 1 is scheduled for Tues-

day, Feb. 9 , from 7:30 a.m. to 9: 30a.m. and part 2 to will be Tuesday,March 16, from 7:30 a.m. to 9:30a.m.

Hollywood Market in LakeOrion, as well as locations in Roch-ester Hills, Madison Heights, Royal

Oak, Bloomfield, Utica and Troy,have committed to matching the first$10,000 in donations made at allseven stores for relief efforts inHaiti.

The funds will be sent to theSalvation Army to help with its re-lief work in Haiti. Hollywood Mar-kets is asking all who can to comein to help with this effort for thosein desperate need.

Hollywood Mkt.helps in Haiti

By Laura ColvinLake Orion Review editor

Looking for work-?Mark the date; the LakeOrion Chamber of Com-merce, along with theUAW 5960 and Hired onthe Spot, a Lake Orion

based company offeringinnovative job placementservices, will host a CareerExpo Wednesday, Jan. 27.

The expo, which takesplace at the UAW Hall inOrion Township, offers at-tendees the opportunity tomeet and speak with a va-riety of employersem-

ployers who actually havejobs available.

Were only inviting companies whoare looking to hire right away, said ErinnOConnor, Hired on the Spot chief com-

munications officer. Some have a fewjobs, others are looking to fill more than100 positions.

In addition, participants can alsobring copies of their resume for a no-cost review from individualssuch asstaffing or HR expertswho are in-volved in hiring decisions and can ren-der practical advice about what to door not doto make sure a resume gets

noticedand doesnt end up in the gar-bage can.

Fox 2s Murray Feldman will be onsite with a camera crew to webcast the

event from 11 a.m.-1 p.m. The webcastwill feature a chat room, allowing jobhunters the chance to ask career expertsquestions about where the jobs are andhow to land one.

Job seekers can also listen as expertguest speakers talk about financial is-sues, how to dress for an interview andother relevant topics.

Like other events they host, said Wes

Key Strata(consulting jobs)

Summer Impression(hiring camp counselors, daycare workers)

Waste Management(hiring fleet managers, drivers, CSR, ASE)

TAC Automotive(engineers, IT, etc.... for Ford, GE, etc)

Homeland Security(all customs and border patrol jobs)

Trialon(accounting, engineering, general labor)

(over 120 positions)

Check www.myfoxdetroit.com and click on The Job Shop for updates

Whos hiring at the expo?Magna Powertrain

(engineers and purchasing, all levels)New Horizons

(certification for job-seekers, all levels)(state-paid )

Advanced Technology Group(IT positions)

Center for Professional Studies(assists laid-off engineers with certification)

(state-paid )Grupo Antolin(manufacturing jobs)

U.S.Army

Weiler, Hired on the chief operating offithe company wantmake sure people lethe expo feeling like got something valufrom the event.

Were not just a placement servWeiler said. We t

people like theyre mthan a piece of paand we want to msure they succeed.

But, he pointed finding a job, especiin todays econotakes determinationcreativity.

With the scarcity of jobs, just hing a resume out there and waitingsomeone to call is not going to landa job, he said. If thats all youre

ing, youll still be waiting 12 months fnow. You have to be out there netwing.

The event, he said, is a good optunity to do just that.

In fact, the expounprecedenteUAW participationgrew from onthe companys previous networkevents.

Continued on pa

Whats thescoop?

Branching out? Expanding?Moving to a bigger and better lo-cation? Have some other businessnews or photos to share with theLake Orion community? What areyou waiting for? Send them [email protected] for

publication in the Biz.

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New owners: same homemad

taste, lower prices at Times SquaSame faces, same quality, same menu.

Not much has changed at Times Square Deliand Restaurant other than the new lower

prices, say incoming owners John andStephanie Kroell. The two have worked atthe restaurant since it opened John as acook and Stephanie as a server but re-cently purchased it.

The Kroells say theyve made their made-from-scratch menu more affordable. Every-day theres a different special for $4.99, andnothing on the menu is over $8.95 includ-ing dinner items.

The foods always been good, but just alittle more expensive than other restaurantsnear us, said John.

Reuben sandwiches are a popular lunchselection, but the new owners also recom-mend trying an SSR -- or swiss, slaw andRussian dressing sandwich. Stephanie likesone with turkey and John likes his grilled.

Not hungry for lunch? Stop in for break-fast. Customers can get the most impor-tant meal of the day for $1.99. It includestwo eggs, hashbrowns and toast.

Or try the bacon. Troy, the Kroells eyear-old son, recommends it. He sayshis favorite Times Square food.

Troy, along with Ryan and Tylercouples twin 13-year-old boys, join

parents often in the restaurant. Ryan dishes and Tyler buses tables and minwith customers.

Troy says he helps his dad prep flike cutting pickles and making cheese st

Each member of the family, who livLake Orion, has something different theyabout their restaurant, but all share an e

passion.We put a lot of time into what we ma

Stephanie said.We pride ourselves on the fact tha

erything is homemade nothing comeof a can, noted her husband. You havlove what you do when youre workinhours a week.

So stop into Times Square in the Krplaza on M-24 and try a rueben, or a bof homemade soup.

Or maybe some bacon.

Whats for lunch?Whats for lunch?

Hired on the Spot, a Lake Orion-based placement service for job seek-ers, employers and recruiters, has an-nounced it has been chosen by Fox 2Detroit to power the resume sectionof the Job Shop onmyFoxDetroit.com.

Use of Hired on the Spot enablesFox 2 Detroit to offer its users ac-cess to more job opportunities and theability to take advantage of Hired onthe Spots unique approach to the jobsearch challenge, which incorporatessocial networking, blogging, and viralmarketing to maximize visibility andencourage differentiation from other

job seekers.Our mission is to help people find

employment and powering the Fox 2Detroit Job Shop enables us to ex-

pand access for our users, said BenRiggan, chief executive officer ofHired on the Spot.

When you post a resume on ei-

ther the Fox 2 Detroit Job Shop or atHired on the Spot, it will now appearon both sites. Youll be reaching more

potential employers and recruitersthan ever before.

Hired on the Spot emphasizes useof todays technology to enhance the

job hunt experience.

Job seekers can create compre-hensive employment profiles on theHired on the Spot website.

The company advocates a Re-sume Revolution, emphasizing thatan individuals uniqueness cant bereduced to a traditional resume alone.

Resumes are created using a pro-prietary quick-search format highlight-ing skills, employment history and edu-cation.

Responses to open-ended ques-tions such as Why am I a great em-

ployee? highlight additional charac-

teristics and attributes.Candidates also create video re-sumes and blogs. To enhance theirvisibility, they order t-shirts imprintedwith their resume.

The Job Shop onMyFoxDetroit.com strives to provideits website users with the best ser-vices available, said Dennis Kraniak,senior web producer at Fox 2.

Hired on the Spot goes beyondthe traditional but ineffective job boardstrategies that focus on posting re-sumes and searching online data-

bases. We endorse the action-ori-ented approach as an effective wayfor people to market themselves in

todays ultra competitive job market.Hired on the Spot is available to

employers who can post opportuni-ties at a fraction of the cost of lead-ing job boards and access compre-hensive job seeker information.

For additional information, checkout www.hiredonthespot.com.

Hired on the Spot

now powers Fox 2

Detroit Job Shop

Job placement service

takes innovative approach

John Kroll shows off a couple of his own favorite Times Square me

The Orion Township Fire Depart-ment is looking for individuals inter-

ested in becoming volunteer paid-on-call firefighters.Basic fire and EMS schooling and

equipment are provided; applicantsmust be a citizen or legal resident ofthe U.S., at least 18 years old, andmust possess a high school diploma orGED equivalent.

In addition, candidates must alsoundergo a criminal and driving record

check, pass the fire department agil-ity test as well as a physical exam,

and meet other requirements set bythe department.Paid-on-call personnel are paid

monthly for responding to emergencycalls and attending station drills. Cur-rent pay rates range from $8-$15 per.

For more information or to requestan application, call the Fire Depart-ment business office at 248-693-9701.

Wheres the fire?

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Downtown authority decides on new directo

By Megan Collier

Lake Orion Review Staff WriterSuzanne Perreault signs on as the

fourth Downtown Development Author-ity (DDA) directorin Lake Orionsince the entitywas created in2001.

Perreault tookover the positionpermanently forinterim DirectorCindy Czubko,

who was hired inSeptember to fillin after LoisGolden was re-moved.

I think the DDA board has done theright thing in making this move to hiringthis new director, said Board PresidentGene Carlson. I think its going to be agreat improvement for the DDA. As a

whole we want to move forward and dothe best we can. We dont have any re-

grets.After 22 resumes, six interviews and

two top contenders, Carlson said, We se-lected Suzanne as our top pick. She camerecommended to us by Main Street Oak-land County.

Perreault was hired in at $45,000 an-nually, with benefits.

Carlson noted Perreaults educationand experience tipped the scales in herfavor.

The new director has a bachelors de-gree in political science with a concentra-tion in public administration and is work-ing on her masters in public administra-tion with a state and local government con-

centration.Beginning in 2007, Perreault served asHollys DDA Director. Her employment

began in Lake Orion Jan. 4.In November 2009, Main Street Oak-

land County gave Perreault a Guts andDetermination award, according toCarlson. Main Street is a national pro-gram focused on revitalizing historic com-munities. Lake Orions DDA participates

through Main Street Oakland County.Shes highly educated and has the right

experience as a director, she comes highlyrecommended and had all the right an-swers to our questions, Carlson said, add-ing shes good with people, comfortableand has experience with streetscapes.Take all those things and put them together,and she looks like the right person.

Carlson said one of the most importantqualities Perreault has is the ability to hitthe ground running.

The DDA says the new director willfocus on getting Main Street accredita-tion back; something Perreault says shewants to work on, too.

The board removed Golden, the previ-ous director, from her position after fail-

ing to be accredited.The failure, Carlson said earlier thisyear, was something the board took intoconsideration when dismissing her.

In looking to the future, both Carlsonand Perreault have their sights set on thelarge streetscape project slated to beginthis spring.

Holly was right in the middle of astreetscape project [when I started there]

its very exciting and Ive learned of lessons through that. I have a to

ideas for ways to promote downtown ewhen the street is missing, said Perrenoting promotion will be extremely imtant during the renovations as people tcally avoid areas of construction.

Carlson predicts the new director step right in and take off in manathe streetscape project.

Long-term, Perreault says she wto get to know business owners, findhow theyre doing and figure out howDDA can help, whether theyre struggor expanding.

The DDA will look at vacancy ras well as business recruiting and retion, according to Perreault.

We need to make sure we have thing businesses, she said. With that, wbe able to do more events and try totract people downtown.

Perreault also noted her enthusiasmthe new position.

I think theres a really great groupeople leading the DDA and village really excited to get over there andstarted, she said.

Suzanne Perreaultis Lake Orionsnew DDA director.

Suzanne Perreault took

the DDA reins Jan. 4.

Expo offers several avenues

of assistance for job-seekersContinued from page 3

I thought, Wow, this is great,said Bill Kokones, a GM retiree whoattended a Hired on the Spot func-tion at a local restaurant last year.At the time we didnt know whetherthe (Orion Township GM) plant wasgoing to stay open or not, and Ithought We have to find a way toget the UAW involved in the com-munity.

So Kokones, who also serves onthe Orion area Chamber of Com-merce Board of Directors, and willserve as the organizations expo

chair, started asking around.It wasnt long before he had thesupport of Orion Township Supervi-sor Matt Gibb.

Gibb, whos scheduled to be at aconference during the event, said hesmaking a special trip back to a ttend.

Anything I can do to get Orionback in the national news, anything I

can do to get my face on TV ansell this community, Im all for ithe said.

Gibb said the township will seup a booth to provide information t

businesses who may be looking tlocate in the community.

Orion Township recently approved zoning for two industrial development districts, and also offertax incentives to incoming busnesses in order to create a strongetax base.And, hopefully, to bring jobto the community.

The Career Expo takes placWednesday, Jan. 27, from noon-

p.m. at the at the UAW HallLocal 5960, located at 180 E. SilverbeRoad in Orion Township. Admittancis free.

For more information and an updated list of employers attending, ofor information for employers whwould like to participate in the evenvisit www.myfoxdetroit.com. Alsvisit www.hiredonthespot.com.

5 Daily

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Located on Lapeer Road & Dutton (1/2 Mile N of the Palace) 248-276-2222

Of Lake Orion

We Specialize in Kids Birthday Parties in our Private Party Room for $5 per Child

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436 S. Broadway (M-24) , Suite C Lake Orion

Licensed Broker Chairperson of County Bar R.E. CommMember American & State Bar R.E. Sections

James R. Porritt, Jr.

248-693-6245

30 Years Real Estate Experience

ATTORNEY

For Sale By Owner

TRANSACTION Advice, preparation of Purchase Agreement,

Mandatory Disclosures & related documents. Coordination of financing, inspections, surveys,

appraisals, title work & closing

Cash To New Mortgage Transaction 1/2of 1%

Seller Financed Sales 1%

SIMPLE WILLS FreeInitialConsultation

Self directed disposition of assets Your choice of administrator Your choice of Guardian for minors Your choice of Trust for minors to be set up after your passing.

Avoiding Probatedoes not justify the cost or inconvenience of setting up a Living Trust and maintaining it for therest of your l ife.Michigans unsupervised probate procedure is inexpensive, uses preprinted forms, avoids formalaccountings, court appearances, or approval of asset disposition.

Short SalesProcedures & Negotiations

If You Must Sell Your Home

And Cannot Without A

Reduction In Your Mortgage

Balance, Call For An

Appointment.(Land contracts, private mortgages, lease with option)

Tenants of foreclosed propertyWhen a landlord defaults on the in-

stallment payments of a rental property,the lender may foreclose

on its mortgage and, atthe expiration of the re-demption period, claim

possession of the prop-erty.

Tenants of the prop-erty may of may not beaware of the foreclosure

proceedings and sud-denly find themselvesfacing eviction fromtheir home despite having kept currenton their rents.

In 2009, federal legislation was en-acted to provide protection to tenants in

those instances where the mortgaggovernment sponsored.

The foreclosure sale purchaser

such properties are required to givetenants a minimum of 90 days noticvacate.

The pervious notice requirement 30 days.

The tenants are then still entitlethe protections of due process prov

by Michigans summary proceedingpossession.

Tenants of foreclosed properties find themselves being threatened wexpulsion by agents of the lender or fclosure sale purchaser.

They should be aware of the legaltections available.

Attorney JamesR. Porritt, Jr.

February business workshops offered by Oakland CountyBusiness owners and entrepreneurs

who need assistance are invited to at-

tend seminars in February, 2010 offeredby the Oakland County Business Cen-ter. Business Basics workshops arenow offered in the evenings on alter-nating months.

Pre-Business Research, Tues-day, February 9, from 6:00 p.m. to9:30 p.m. - Are you thinking of start-ing your own business and want to re-search your business idea?

Are you a business owner whowants to understand which researchsources to use for your business planand where to find the information youneed?

Presented by The Oakland CountyBusiness Center, The Entrepreneurs

Source, Oakland County Market Re-search Department, and a BusinessReference Librarian.

This workshop is free, but pre-reg-istration is required.

Fundamentals of Starting aBusiness, February 16, 2010 from6:00 p.m. to 9:00 p.m. is a seminarfor anyone thinking about going into

business.Participants examine their entre-

preneurial skills, learn how to imple-ment their ideas and receive a list ofpitfalls to avoid when starting a busi-ness. The fee is $30. No refunds.

Fundamentals of Writing aBusiness Plan Tuesday, February23, from 6:00 p.m. to 9:00 p.m. is aworkshop for small business ownerswho are developing a plan to serve astheir road map to success.

The fee is $40, which includes allmaterials. No refunds.

Womens Business Certifica-tion (WBE) Orientation, Wednes-day, February 24, 2010, 9:00 a.m.to 11:00 a.m.- Learn about the ben-efits and process of becoming a

Womens Business Enterprise (WBE.)Benefits includecertification

toprivate sector WBEs and access toprocurement opportunities with majornational companies.

For additional information visitwww.miceed.org. Presented by theMichigan Womens Business Council.The fee is $25 (Please make checks

payable to C.E.E.D.). No refunds.Small Business Loan Workshop

, Thursday, February 25, 2010, 9a.m. to Noon- Getting a small busi-ness loan can be a challengingprocess.

Learn the 5 Cs of Credit, howto develop a winning loan proposal andwhat you need to know to position your

business to be bankable before youmeet with a lender.

Presented by The Service Corpsof Retired Executives (SCORE), U.S.Small Business Administration (SBA)andtheOakland County Business Cen-ter.

The fee is $20 per person (Pleasemake checks payable to S.C.O.R.E.).Includes: Handouts and SBA SourceBook. No refunds.

All classes held at the Oakland

County Executive Office Building Con-

ference Center, 2100 Pontiac Lake

Road, west of Telegraph, Waterford.

For pre-registration and location

specifics, visit our website at

oakgov.com/peds/calendar, or call

(248) 858-0783.

The Orion Township Parks aRecreation Adopt a Park Program

designed to encourage the communto work hands-on to help keep OrionParks clean, safe, and attractive. Parand Recreation provides exception

programs and events for residents antheir families.

This is an opportunity to get ivolved in the community in a wthat promotes civic pride, apprecition for park assets and provides awareness of programs, events anspecial projects in our parks. Projecand Programs include:

Adopt a Garden Adopt a Tree Adopt a Trail Adopt a Bench

Adopt a Camp or Program Adopt an Event Adopt a Concert Park Beautification Days Trail Days Adopt a Park Adopt a PlaygroundFor more information, contact t

park office at 248-391-0304 or viwww.oriontownship.org

Adopt a Park

Grow your business!Tell thecommunity who you are and why they are the best .

. . make sure youre in The Lake Orion Reviews

annual business review, Progress 2010. Call Eric

at 248-628-4801 before its too late.

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Loran S. CoffmanWPS Investments

Loran S. Coffman, CPhD, RF

WPS-Investments Inc.Stone Pine Complex

189 W. Clarkston Rd.

Lake Orion, MI 48362

248-693-5599www.WPSinvestments.com

You may think of life insurance in verysimple terms: you buy a policy so that yourloved ones will have some financial assis-tance when you die.

But if youhave assets of$1 million ormore, youshould view lifeinsurance as atool kind of a

Swiss armyknife, in fact.Life insur-

ance has manypotential uses inestate planning,and a life insur-ance trust cancertainly help a family.

What does a life insurance trustdo? It enables you and your family to dothree things in particular.

One, it provides you, your spouse andyour heirs with life insurance coverageafter it is implemented.

Two, it allows a trustee to distributedeath benefits from a life insurance policyas that trustee sees fit.

Three, it gives you the chance to re-duce your estate taxes.

When you create a life insurance trust,you are creating an entity (the trust) tobuy life insurance policies for you and yourloved ones.

You dont own the policies, the trustdoes. So the insurance proceeds go intothe trust when someone passes away. Be-cause the trust owns the insurance poli-cies instead of a person, the insurance pro-ceeds arent subject to probate, incometaxes or estate taxes.

The trustee can distribute those pro-ceeds to one or more parties as stipulatedin the language of the trust.

Also, if your estate ends up really large,

the trust can buy additional life insuranceto provide additional cash to pay additionalestate taxes.

Sometimes these trusts establish in-vestment policies for life insurance pro-ceeds, and even timelines for who receiveswhat when (families may want to delayan heir from legally receiving an inherit-ance until age 18 or 21, for example).

Why not just have someone else

own my insurance policy? That scenariocan lead to major financial and familialheadaches. If that person dies before youdie, the cash value of the policy will beincluded in their taxable estate. So the heirs(and relatives) of that person will havehigher estate taxes to pay as a result. Also,if you do this, you surrender control ofyour policy; the loved one you trust couldend up naming another beneficiary or evencashing your policy out.

A decision for life. Almost all life in-surance trusts are irrevocable trusts. Thatis, they are legally set in stone once cre-ated, unlike a revocable trust which can

be amended or revoked after creation.You can make these trusts revocable,

but if you do, you lose the tax benefit: theinsurance proceeds will be included in yourtaxable estate when you die, which couldincrease the estate tax bill for your heirs.

However, some irrevocable life insur-ance trusts purchase survivorship life in-surance in a profit sharing plan to permitthe ability to change beneficiaries.

If youd like to know more about lifeinsurance trusts or the potentially signifi-cant changes in estate taxes over the nextfew years, talk to a qualified legal, finan-

cial or insurance professional today.Loran S. Coffman representativename

is a Representative with H. Beck, Inc. andmay be reached on the web atwww.WPSinvestments.com, by phone(248) 693-5599, or by [email protected]. SeeThe Science of Financial Health,Coffmans exclusive weekly financialcolumn on the web every Wednesdayat www.LakeOrionReview.com.

These views are those of the author andshould not be construed as investment, tax orlegal advice. Past performance is no guaranteeof future results. All information is believed to

be from reliable sources; however we make norepresentation as to its completeness or accu-racy. Please consult your Investment, Tax and/

or Legal Advisor for further information andadvice about application to your specific cir-cumstances. Researched and authored by Lo-ran S. Coffman & Peter Montoya, Incorporated.

Securities offered through H. Beck, Inc.Member FINRA, SIPC. Investment advisoryservices offered through M.R.Spencer AdvisoryServices, LLC. WPS-Investments, Inc. is unaf-filiated with H. Beck, Inc. Branch address ofWPS is 189 W. Clarkston Rd., Bldg. A, LakeOrion, MI 48362

The value of life insurance trusts

Presented by Loran S. Coffman CPhD, RFC

An estate planning option more

families ought to know about

POH Regional Medical Center LakeOrion office held a ribbon cutting cer-emony Monday, Dec. 7 to celebrate themove into their new office.

After 12 years in the Village of LakeOrion, Dr. Richard Cohen, Dr. GaryHolloway and Dr. Diana Cohen are nowlocated at 1240 South Lapeer in Orion

Township. On hand to cut the ribbon Orion Township Supervisor MattGibb.

Also in attendance was the lcable television company, ONTV, will feature the ribbon cutting ceremon their monthly Lake Orion Living gram.

Just across town...

POH Regional Medical Center Lake Orion office is now located at 1240 SoLapeer in Orion Township.

8/14/2019 Orion Biz Feb 2009

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Get 1 percent cash back, when youtransfer a balance of $500 - $10,000 fromanother credit card to a Michigan CatholicCredit Union VISA Credit Card.

Personal finance publications and fi-nancial advisers, like Suze Orman, aretouting the benefits of using a credit cardissued by a credit union over credit cardsissued by major banks.

If you dont already have an MCCUVISA, start the New Year by enjoying thesebenefits right away. In addition to the on-going 1 percent cash rebate, the MCCUVISA has: Low Fixed Rates No BalanceTransfer Fees No Annual Fee No CashAdvance Fees A Generous 10 Day Grace

Period A Great Bonus Point Program.Plus, if you use your card at least five

times before February 28, 2010, you willautomatically be entered into a fantasticdrawing!*

Two winners will have 100,000ScoreCard Bonus Points added to theircard. Redeem the points for as many asfour (4) round trip airline tickets, travelpackages or name brand merchandise.

Just think what you could do with100,000 bonus points.

Get your own MCCU VISA and re-ward yourself in 2010. For more infor-mation, call Diane Leier, Lake OrionBranch Manager, at 248.693.3400, ext.1500, stop by the Lake Orion branch at845 South Lapeer Road, or visit online atwww.michcathcu.org today.*Rules for 2009/2010 VISA Holiday ScoreCard BonusPoints Drawing: You will be automatically enteredinto the drawing when you use your MCCU VISA CreditCard to make purchases, transfers or cash advances

between January 1, 2010 and February 28, 2010.Cardholder(s) must have made at least five transac-tions with their MCCU Credit Card during this periodunder one VISA credit card account Number. The trans-actions may be a combination of purchases and cash

advances. MCCU employees, Board of Directors, andrelatives are unable to participate in the drawing. Must

be at least 18 years old to qualify for the drawing.Prize: The two winners receive 100,000 VISAScoreCard Bonus Points issued to their VISA CreditCard. No cash redemptions, substitutions, transfers of

prizes allowed. Limit one prize per MCCU Member Number. Winners may appear in future MichiganCatholic Credit Unions marketing campaigns. Draw-ing Date: Two winners will be drawn at random and willtake place March 1, 2010. Winners will be notified by

phone or mail on or before March 2, 2010.

Celebrate the new year with

some extra cash in your pocket

Waste Management is the nationsleading environmental services provider,company officials say, with a local pres-ence in Orion Township at the Eagle Val-ley Recycling and Disposal Facility.

Eagle Valley is more than a landfill.Eagle Valley is a

local employer, recy-

cler and green en-ergy producer.

The Eagle ValleyRecycling and Dis-

posal facility is an in-tegral part of thegreen effort inOrion Township.

Eagle Valleyhelps the communityrecycle by takingelectronic waste andh o u s e h o l drecyclables six days a week during nor-mal business hours.

The landfills state-of-the-art design

uses the industrys best available tech-nology to protect the environment andproduce energy.

As solid waste naturally decom-poses in landfills, it produces landfill gas.

Modern landfills, such as Eagle Val-ley, capture the gas and convert it intogreen energy to heat homes or powerlocal businesses.

Green energy from Eagle Valley

helps power the General Motors LOrion Manufacturing Facility and pan important role in the compangreen effort.

By utilizing landfill gas from EValley, General Motors is able to of

the burning of 60tons of coal a ye

silent but imporcomponent in bring the productiothe Chevy VolOrion Township

preserving tsands of local jo

In 2010 EaValley represetives will be worwith commumembers to deva Wildlife Man

ment Team and apply for certificaas a Wildlife Habitat through the Wlife Habitat Council.

Across the nation, Waste Manment has committed over 24,000 aof wildlife habitat at 73 of our lanfacilities throughout the United Stthrough the Wildlife Habitat Councertification program.

The Eagle Valley Recycling and posal Facility staff offers onsite tand offsite presentations on the 5 R

Eagle Valley: Employer, recycle

and green energy producer

Continued on pag

Landfill gas created at Eagle Valleyconverted into green energy to hehomes or power local businesses.

8/14/2019 Orion Biz Feb 2009

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4Mark YMark YMark YMark YMark Yourourourourour

CalendarsCalendarsCalendarsCalendarsCalendars3 Great Special Section

4

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For More Details

248-628-4801

4

4Spring Section

That Will Be Sure To

Increase Your Business

MarchThe Lake Orion Review & Oxford Leader

Progress 2010

The Big DealFebruary 2010

Inserted In The Ad-Vertiser

AprilThe Lake Orion Review & Oxford Leader

You hear it on the radio and see

it on the news the economy is im-proving.Yet you look around and see

housing foreclo-sures in your neigh-

borhood. The newsreports record un-employment levelscontinue to be thenorm in Michigan.

There is evi-dence that theeconomy is show-ing signs of im-

provement, but thechanges, unfortu-nately, wont turn

the economy around overnight.While we wait for the positive

changes to take effect, many peoplecontinue to face the challenge of liv-ing on a tight budget. Monthly bill pay-ments start getting paid late, or not atall.

Loss of employment is a commonreason why individuals and familiesfall behind in their mortgage and creditcard payments.

But unemployment isnt the onlything that can cause financial hard-ships - unexpected family changes in-cluding divorce and death, unex-

pected medical bills and even car and

house repairs could end up causing alot of pressure to your bottom line.Some people start paying their

bills by charging their credit cards upto their limit, only to end up withhigher monthly payments and poten-tial fees.

Credit card rate hikes only add

Is the economy improving?more misery to the situation.

You may even feel the cashcrunch yourself what can you doto help avoid financial distress?

If you realize that you are goingto start falling behind on your mort-gage payments, the first thing youshould do is call your lender.

Dont ignore the problem or ig-nore letters from your lender thiswill often make the situation worse.

Be careful to avoid foreclosure prevention companies that chargefees to help you avoid foreclosure fees you could be using to make amortgage payment.

Beware of firms that claim theycan stop your foreclosure by signing

the title to your house over to them you could end up being a renter inyour own home.

Never sign any legal documentswithout reading and understanding theterms and getting professional advicefrom an attorney.

There are also many credit coun-seling services that can help you cre-ate a budget to help you get a betterunderstanding of where your incomeis going and how you can survivethrough these times with the re-sources you have.

Again be careful to work witha reputable firm, find out what fees

they charge and get more than oneopinion.Lakes Community Credit Union

offers our membership free financialcounseling services throughACCEL.

Looking forward to positivechanges in 2010!

Carolyn Chevrieris president ofLakes CommunityCredit Union.

Reduce, Reuse, Recycle, Respect andRecover the Resource to help edu-cate the community on how to be more

sustainable.From environmental protection togreen energy production to partneringwith communities, our work is not justabout garbage.

When you think green, thinkWaste Management and the Eagle Val-ley Recycling and Disposal Facility.

Eagle Valley Recycling and Dis-posal Facility is located at 600 W. Silver

Bell Road and is open from 8 a.m. to 4p.m. Monday through Friday and 8 a.m.to noon on Saturday.

To schedule an educational presen-tation or landfill tour, or if you have ques-tions about the recycling services of-fered at the facility., contact Eagle Val-

ley at 248-391-0990 .Waste Management was the Lake

Orion area Chamber of Commerce January luncheon winner for this free feature in the Orion Review'sWhat's the Biz. If you're a Chambermember, be sure to enter our monthlydrawing at the next luncheon meet-ing so you can tell the communityabout your business.

Waste ManagementContinued from page 10

350 N. Park Blvd. (Lapeer Rd.)

Lake Orion

248-814-4000

www.LakesCommunityCU.org

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Orion Biz Feb 2009