November 2014

Recently, the legislature again acted to change the exemptions to uncapping transfers. Property This time legislators amended the most recent provision (see previous article) to cause it to terminate on December 31, 2014. Then, beginning on January 1, 2015, a new provision specifies that transfers between certain specified relatives, as well as trusts of those […]

The legislature in Lansing, no doubt seeing the mess that the State Tax Commission (STC) had created, decided to pass a new law (codified at MCL 211.27a(7)(s)) that provided that transfers of “residential property” from one person to another person or persons who were related by “blood or affinity to the first degree” would be

Since the introduction of the Headley amendment (Proposition A) to Michigan’s property tax laws, the property tax assessment has been divided into a Taxable Value (TV) and a State Equalized Value (SEV). The TV is what taxes are actually based upon. The TV may not increase by greater than the COLI or 5% whichever is

If you plan to buy property, you really should get a survey. A mortgage report is not sufficient. If you buy property without a survey, you run the risk that the boundaries of the property are not where you thought. Your house may encroach onto your neighbor’s or theirs may encroach onto yours, or part

Medicaid is the government program that will help pay for care in a nursing home. The complicated rules and policies surrounding this program usually cause people to seek the advice of an elder law attorney. Historically, with the help of an attorney, a spouse could receive Medicaid benefits without having to spend down any assets.