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ATTORNEYS: Cynthia L. Umphrey

Cynthia L. Umphrey Cynthia L. Umphrey

Direct Dial Number: 248.619.2591
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Practice Areas: Business Law, Exit Planning, Estate Planning and Post-Death Administration

Cynthia Umphrey helps families and business owners make significant personal and professional life decisions. Ms. Umphrey calls upon over 17 years of experience in estate planning, post-death administration, business structuring and business exit planning to guide you through life’s most important choices.

Estate Planning & Post-Death Administration: Ms. Umphrey walks her clients through the entire estate planning process with care. Some concerns she will help you resolve include: how to set aside money and assets for your family, who should make decisions for you if you are incapacitated, and who should care for your children if you are unable to do so. She will ensure your future plans are followed as much as possible without court interference. She is well versed in the many and often detailed matters that need to be addressed after a death and handles highly complex federal estate tax and post-death business and family distribution matters.

Business Planning: Ms. Umphrey understands that business owners are faced with day-to-day questions as well as major quandaries. She handles everything from troubleshooting on employee or collections issues to engaging in strategic planning and protecting your family and business in the event of a death. Ms. Umphrey works proactively to create a plan that puts you in the best possible legal and financial position now and in the future.

Exit Planning: As an exit planning strategist, Ms. Umphrey helps owners of closely held businesses scale back their involvement, retire or transition their companies to new owners. Her transition plans allow owners to leave their businesses on their own terms and maximize the value received, or to keep their businesses as a source of income even as they retire. Techniques involved in this process can include: mediation of family issues; creation of incentives to key employees; tax advantaged sale or purchase of businesses; sophisticated gifting strategies; legal audit; and solving legal and tax problems before they become critical.

Ms. Umphrey was named a “Five Star Wealth Manager” by Five Star Professional. The Five Star Award is presented to only 7% of wealth managers with at least five years of experience in the financial services industry, and who are evaluated in the local market to score highest in client satisfaction.

J.D., University of Michigan, cum laude, 1995
B.A., Oakland University, magna cum laude, 1991

Bar Admissions:
State Bar of Michigan, 1996

State Bar of Michigan
  Council Member, Business Law Section;
  Co-Founder and Acting Chairperson, The Small Business Forum
Oakland County Bar Association

Other Activities:
Ms. Umphrey is a frequent lecturer for The Institute of Continuing Legal Education, Lorman Education Services, the National Business Institute and other organizations. The Detroit Legal News, the Oakland Legal Press and Bottom Line Business Publications have published or quoted her articles and she has appeared on the Business Reality Network.

Commentator Articles:
Asset protection – LLCs best practices;
  Commentator, Summer 2012
Business owners must relinquish some control to reach new level of success;
  Commentator, Winter 2011
Good news for businesses seeking simple creditor protection;
  Commentator, Spring 2011
ALERT: Impact of the 2010 Tax Act on your estate, gift and GST tax issues;
  Commentator Alert, January 2011
New Michigan law provides trust opportunities for endless generations;
  Commentator, Winter 2009
Adapt to current economy with the right planning;
  Commentator, Summer 2009
Keep your personal creditors at bay;
  Commentator, Winter 2008
Secrets to business survival;
  Commentator, Summer 2008
Life insurance: It can create a windfall before you die;
  Commentator, Fall 2007
Can you stretch a 401(k)?;
  Commentator, Summer 2007
Good news for manufacturers and service companies;
  Commentator, Spring 2007
Retain valuable employees with “handcuffs;”
  Commentator, Spring 2006
Roth 401(k) is retirement tool for business owners;
  Commentator, Summer 2005
Family Limited Partnerships & LLCs – Popular estate planning tool gets a reprieve;
  Commentator, Summer 2004
Planning Can Mean a Smooth Transition;
  Commentator, Spring 2004
Exit Planning: Who Needs It, Who Wants It and Why;
  Commentator, Fall 2003
Exit Planning — An Overview;
  Commentator, Summer 2003
An Exit Plan to Achieve Your Goals;
  Commentator, Spring 2003

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