Congress was not the only busy legislative body in December. Our state legislature also passed, and the Governor signed, several important bills which affect estate planning for Michigan residents. We found the following to...more
1/16/2013 - 529 Plans Estate Planning Estate Tax Irrevocable Trusts Power of Attorney Property Tax
Congress extended through the end of 2013 the popular "charitable IRA transfer." This permits individuals who have reached age 70 1/2 to make income tax-free distributions up to $100,000 directly from an individual...more
1/14/2013 - American Taxpayer Relief Act Charitable Donations Gift-Tax Exemption Income Taxes IRA Retirement Plan
By now you should have all heard that Congress narrowly averted the Country's fall over the "fiscal cliff" at the very last moment (well, actually after the very last moment, but retroactive to the very last moment) by...more
1/14/2013 - American Taxpayer Relief Act Estate Tax Fiscal Cliff Gift-Tax Exemption Portability Surviving Spouse Tax Rates Transfer Taxes
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