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Tips From Tom
- Deficit Reduction Debate Might Impact Specific Estate Planning Techniques
- Estate Tax Exemption Actually $5.25M in 2013 When Adjusted for Inflation
- 2013 Annual Gift Tax Exemption $14,000
- Fiscal Cliff Legislation Keeps $5M Federal Estate Tax Exemption
- Use a Qualified Personal Residence Trust to Avoid Federal Estate Tax
- Time to Convert Your Traditional IRA to a Roth IRA?
- Federal Estate Tax and the “Fiscal Cliff”
- Back to School
- New Law Affects Durable Powers of Attorney in Michgan
- When Does Your Durable Power of Attorney Become Effective?
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- Go Wings!by HootSuite
- President Obama's proposed budget reduces Federal Estate Tax exemption to $3.5 Million ^Tby HootSuite
- RT @downtownlansing: Discover attractions in your own backyard at tomorrow's @batyot! Passports are $1 for over 70 attractions. #lovelansing
Monthly Archives: May 2012
New Law Affects Durable Powers of Attorney in Michgan
On May 23 the Governor signed Public Act 141 of 2012 that affects the drafting and execution of Durable Powers of Attorney in Michigan, and the powers of the attorney-in-fact designated therein. The Act further requires the agent-in-fact to execute … Continue reading
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When Does Your Durable Power of Attorney Become Effective?
A Durable Power of Attorney can be drafted to become effective upon signing, or only if you become incapacitated. If drafted to become effective upon signing, your named agent can immediately take charge of your assets. If, on the other-hand, … Continue reading
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How to Give Away $5.12 Million Tax Free
As most of you know, there is an annual amount that you can give to any one person without incurring a gift tax. In 2012 the amount of this gift tax exemption is $13,000. Normally, if you exceed the gift … Continue reading
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Get Your Estate Plan Arranged Before You Get Remarried
I will often have a client call and tell me that he/she planning to get remarried and will see me afterwards to revise his/her estate plan. My advice to them…see me before you get remarried because your planning options might be very … Continue reading
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