BUSINESS & PROFESSIONAL THE BEST LAWYERS 1MERICA I\ executive tips Best Lawyers congratulates Robert Z. Feldstein on being named as the Detroit Area Best Lawyers Family Lawyer of the Year for 2010 Second of two parts I Best Lawyers is the oldest and most respected ROBERT Z. FELDSTEIN is: • President of Robert Z. Feldstein, RC., Of Counsel to Kemp Klein Law Firm • Fellow, American Academy Take Your Checking to a Higher LEVEL WIN A 19" VIZIO F LAT SCREEN HDTV! ' Ju l stop in or cal an y Le vfl One kration and nk how lou (4/7 rrat its 19" Vizio tat saeen HOW Pius, additional &motifs! i.ir : See the values add 110 rTtStfVtiiVII).itip CAW buying our dream home in 2009. Yes, we sold two homes last year LYN rAititly,kuimat (one in Arizona and one here in imatimoiri uktt,olt, kkntity ti*n et is.- Eytweeit:yotAm Michigan); we made money on both and got a great deal on our dream home. We have always enjoyed our ltawle"1.1h,rck,i Annual Savtags- For a 10* In0tONY tats, ima oyeive checking amount mat &vas ,ka ?madly-as on de4tors• per.ytmr; 2.00" APT on a 24-Month CD ON A CD?" Al ANt:, Nt1t t'Vri.` OW bolt 414,0;0'0*am AMOS, twat., bat st1,043P41110 LEVEL ONE Fa F-7-1 k. www.levelonebanking.com ••,,,,,,,,,,,, if .`...t.: ". •,1 1., ,'", .., ,,,,,) G,11,,..” I., ., r, ,,,,, .,,,,,. ,,,,, , ,..,,•,,, , .,,,, .,,, ,,,,,,,, ,,,o;.; v,,, ,,,, ,,.., ,,,,,,,, t; ,:, $5. ,35 34 "'". 71t.:4- ^: ;!i9,̀% ; '. .,Zii'A'r':A3';`,Zi.,4,1i411-,;g:',:l'',”' n ''''''-'-.77iLq'.;4i:.:;:ff,": -.,!•-,';',' , .'._:', .1,„,',,.,, ',. 5 1,". 5 ",7„.;..' , • 3,...4.g., , „ , v;,,g- oP, . ,----,,, February 11 • 2010 0 , .:,,, o. I ., ''''', ..' 11,'''',. 111111 you (in the business arena, we have used Fifth Third Bank). But depend- ing on need, many local banks or credit unions are also strong options. They are ready and willing. Do not take it personal when lend- ers ask you questions; they will help find smart solutions for you. • Lesson #5: The market is the market. As a merchant, the rule was the first markdown is the cheapest. You sell through a lot when you take the first right markdown. So if you want to sell your home, you have to price it for the traffic coming in to seal the deal. Have the right ad with the right price. You can take advantage of this day-to-day life, but we would rather go for a family walk in the evening than go spend a lot of money. We tend to enjoy family time at the zoo has happened, get a good adviser, know yourself and do not be afraid or the Cranbrook Science Center or the like. This allowed us to be ready to take advantage of the market. of the banks. Use the banks and the "team" to help you find solutions. E gage. Why? Because as we looked for new home here, we heard it 28345 Beck Rd, Ste 102 Wixom, MI 48393 (248) 469-0205 a personal and business level). Now is the time to get back on track and get the banks with market; things are starting to turn — but there could be a long road ahead. Be smart, learn from what Now to the bank point: We used Bank of America to get our mort- Take Your Banking to a Whole New LEVEL. Fia ;ALS. 1* . 64:o O r 310.60 :: rot ilo to. a if,ttf. nuroy lq,,tt t,r. WAS ,,,,, aa...m.:RA. K.' he:olivri oF ii. a,... - o. iii:iJIM,M1 J Si JAI loikos... km., tiy. 157,0 Q ., .i. • ,..r..., „,,, ,t,3 or Suit. . .tng vaE be .....yTo a 3.. ■ Tf. L...e:e crImIc niqtr ...;et. Old 1::311 te,.. ::. q , ■ :, r tt, ,, 3,...1.4 1 !Ta. ......7. T av6:14.ppr,,r,,, t?,..; toi aritr.r..,/,,,./Km Ty. iirep ,,a1 VIN. ,1,1 a happened economically. • Lesson #4: Learn from this experience (on both They may never again be the same. Our family has had the great fortune of selling two homes in 2009 and Attictoiltal nece tliitt ,ititkimeot OttSilfAiKt 21211 Haggerty Rd. 30201 Orchard Lake Rd, Ste 165 I Novi, MI 48375 Farmington Hills, MI 48334 I (248) 737-0300 . (888) 880-5663 1 (248) 380-6590 .. (888) 438-8243 ii believe they want 20 percent down" or "Can you believe they want getting back to basics means! • Lesson #3: Banks are not the same, but they are coming around. Cootie a Amoral Banker torte intormation. tnioyim.v=s (L, many, I hate to say, nearby, which indicated what had Maybe doing things right, and working hard to get what is consid- ered the American Dream, is what • Gash Rack Gift Cards • Grocery Coupons • Up to 50% Savings on Brand Name Products by Phone or Online •Travel Savings and Vacation Packages sense! If everyone had done this all along, we the relationship. I hear people say, "Can you cent down; you worked and saved to make sure you did exactly that. SHOPPING, TRAVEL & ENTERTAINMENT DISCOUNTS WITH EASYSAVERS'" SHOPPING FOR A GREAT RATE put money down, etc. All of this is good business would not be in this eco- nomic mess. We looked at more than 200 homes; the days when the interest rate for a mortgage was 15-16 percent and lenders absolutely wanted 20 per- $11 A goistra0 old days: You need to be able to support the loan, have reasonable credit, less and less, but that change need not negate 750?" Well, yes and why not? I recall With Level One Rewards Checking; You Get. SECURITY BENEFITS • Identity Theft 911' • 24-Hour Accidental Death & Dismemberment insurance and Common Carrier Coverage • Travel .Assistance Services • Living Family Journal The process has changed; but when I say changed, I mean like the and banking relationship also matters. good credit scores over With Rewards Checking At Level One Bank • Prescription Drug Discounts • Prescription Eyowear DiLq,,atints via e-mail. He was nice and helpful; he e-mailed and called often to keep the process going. He also spear- headed the process so he made sure it worked — and it did. We got our 5 percent loan. We closed on time. we always sat face-to- face with our banker; today, that is occurring 201 W BIG BEAVER RD # 600, TROY, MI 248,689.3800 HEALTH BENEFITS good attorney and a good financial adviser (we use Mike Alioto's UBS team in Birmingham). Having a good bank approved by the toughest." This is where the real truth comes into play. I met Dan Higley at Bank of America Early in my career, of Matrimonial Lawyers • Combined Relationship Balance" • C-ertifirAte of Deposit Rates • Earn a High Rate of Interest • $250 Discount on Mortgage Closing Costs • Preferred Rate on New Consumer Loans • Free Permalized Checks • Fee-Free 24 Hour Banking • Free Online Ranking I Bill Pay • Free Cashier's Checks • Free Traveler's Checks • 24 Hour Phone Teller • Combined Account Statements n my last column last month, we discussed the need for getting good financial advice and support and building the team around you — having a good CPA (my family uses Mellen, Smith and Pivoz of Bingham Farms), a peer-review publication in the legal profession FINANCIAL BENEFITS Right Move, Right Team, Right Time was tough — the toughest — so we thought, "Okay! Then let's get F Kevin Browett is chief operating officer of Jewish Renaissance Media, parent company of the Detroit Jewish News. He is a former executive with Kmart Corp. The first part of this Executive Tips ran on Dec. 10.