Some of our Michigan readers may have trouble thinking of this figure: $5.25 million. When it comes to estate planning, however, this is actually a very important figure. $5.25 million is the limit of the federal estate tax exemption. What does that mean? It means...
Michigan Legal Leaders Providing Personal Attention
Month: May 2013
What’s best for tax planning and protecting inheritance?
With so many ways to approach estate planning, many people often have more questions than answers. What will the impact be on tax planning? What are the best documents to draft for protecting inheritance? What if I have children with special needs and I want to make...
Estate planning and you – do you know the key parts of a will?
Almost all of our Michigan readers probably have a varying amount of assets, and most also have relatives. These two aspects of life may not mix well after a person dies, which is why estate planning is so crucial. Yes, it can be somewhat morbid to sit down and plan...
Small mistakes can have a big effect on your assets
Any of our Michigan readers who are familiar with previous posts here have seen many that cover topics ranging from the essential nature of drafting a will, the pros and cons of considering trusts in an estate plan and the importance of discussing the options and...
What do you need to know about the probate process?
Although the move to increase people's knowledge of the importance of estate planning seems to have picked up across the country in recent years, many people are probably still confused about the probate process. This is easily understandable. When a person says...