As of June 27, 2016, Michigan law allows you to formally identify a Funeral Representative who has the authority to make your final arrangements regarding your funeral, memorial service, cremation and/or burial. The Funeral Representative also has the right to possess – or make decisions about who may possess – your cremated remains. You can designate your Funeral Representative in your will, in your power of attorney, or in a separate writing that is notarized and/or witnessed by two persons. Read More
Documents and Forms
Many Michigan families own a second property, and preserving that property for future generations is almost always an important goal. However, Medicaid qualification rules only exempt a homestead (up to a certain limit of value in some circumstances), which only protects one property. Medicaid also has a five year “look-back” rule preventing applicants from simply giving their property away or selling it for less than fair market value in order to qualify for Medicaid. For an owner of multiple properties who has learned he or she will need to apply for Medicaid, the first concern often revolves around what will happen to the second property. Read More
Did you know that May is National Pet Month?
Mammel Law Attorney Rebecca Wrock has been published three times this year on animal law matters, most recently on the topic of including pets in your estate plan. She has lectured on the topic for law students in the US and Canada. Read her article in the newsletter for the State Bar of Michigan Animal Law Section here.
Is your pet accounted for in your estate plan?
Michigan residents are well known for their love of “the family cottage.” It’s really no surprise given that Michigan has the second highest number of lakes of any state in the country. Estimates show as many as one in three people owning lakefront property. For many, the cottage is the asset they are most proud to pass down to their children, and they hope it will remain in the family for generations. Read More
If you’ve read our article discussing the tax consequences of a Florida residence change and have determined that it is in your best interest to officially change your legal residence from Michigan to Florida, there are several steps you must take to do so: Read More
If you are a Michigan resident who spends more than half of your year in Florida, you may be wondering whether it is advantageous to officially change your residence to Florida. As with all tax and estate planning matters, the answer will vary depending upon your unique situation. However, the most common considerations deal with income taxes and exemptions for homestead (Florida) and principal residence (Michigan). Read More
There is probably nothing a serious sports fan would cherish or pay more for than season tickets for their favorite team. If you are one of the favored few that are long-standing season ticket holders, or are considering purchasing season tickets, you may want to consider options today that can affect how they are handled in the case of your death. Read More