Tag: estate planning

Michigan Law Now Requires Power of Attorney “Acceptance”

A recently revised Michigan Statute requires power of attorney “Acceptance” (and Other Formalities). Michigan law has long required signed “acceptances” for Medical Powers of Attorneys/Patient Advocate Designations. But now, the passage of Michigan Public Act 141 of 2012 marks a

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More on Living Wills

A Living Will is a term that is often used in conjunction with “Medical Directive”, “Medical Power of Attorney”, or “Health Care Directive”.  It is a document that expresses the principal’s wishes for medical treatment in the case where he

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Transferring Home Out From Trust

Does transferring my home out of my Trust result in uncapping the property taxes?

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Titling Assets

Did you know that your estate does not necessarily avoid going through the probate court process just because you established a living trust?  You must also arrange to transfer “titled” assets, with some of them going into your trust.  The

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Mental Capacity

On our “Frequently Asked Questions” page we discuss the issue of incompetence or other disability.  How is this matter defined under Michigan law?  In Michigan, an individual who is 18 years of age or older and who has sufficient mental

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Status of Federal Estate Tax

In our last posting we mentioned the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (how is that for a name!) and the changes it brought to the federal estate tax.  The new legislation also provides some flexibility for the

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Estate Tax Update

As my estate planning clients have been advised, estates valued higher than the Federal Gift and Estate Tax exemption amount will be subject to the Federal Estate Tax unless effective estate planning was in place prior to the death of

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