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MICHIGAN AGRICULTURE LAW

GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan

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MICHIGAN AGRICULTURE LAW | michiganaglaw.blogspot.com Reviews

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GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan

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MICHIGAN AGRICULTURE LAW: Effective Estate, Succession and Business Planning for Farmers

http://michiganaglaw.blogspot.com/2012/03/effective-estate-succession-and.html

SMITH BOVILL LAW FIRM. GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan. Effective Estate, Succession and Business Planning for Farmers. Monday, March 19, 2012. Amily Farm businesses are unique. Family farming may be the only industry where the owners live and work in the same place. Farm children grow up going to work with their parents every day. Many farm children ultimately become next-generation owners of the business. 8226; Trusts,. 8226; Wills,.

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MICHIGAN AGRICULTURE LAW: New Estate Tax Laws Will Benefit Family Farm Succession Planning

http://michiganaglaw.blogspot.com/2010/12/new-estate-tax-laws-will-benefit-family.html

SMITH BOVILL LAW FIRM. GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan. New Estate Tax Laws Will Benefit Family Farm Succession Planning. Saturday, December 25, 2010. Omeone recently asked me if I believe in miracles. I do now! The taxable estate figure (formerly known as "unified credit," now known as "exemption equivalent) has been set at $5 million. This so that both figures are now set at $5 million. He nature of successful family farm businesse...

3

MICHIGAN AGRICULTURE LAW: November 2010

http://michiganaglaw.blogspot.com/2010_11_01_archive.html

SMITH BOVILL LAW FIRM. GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan. Should You Sign that “Standard” Oil and Gas Lease? Wednesday, November 24, 2010. He reality is that there is not, and has never been, a "standard" form. Oil and Gas activities are regulated by the State of Michigan, Department of Environmental Quality (DEQ) under Michigan's Natural Resources and Environmental Protection Act ( MCL 324.61001 – 62103. How Oil and Gas Leases Work.

4

MICHIGAN AGRICULTURE LAW: July 2011

http://michiganaglaw.blogspot.com/2011_07_01_archive.html

SMITH BOVILL LAW FIRM. GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan. Update on Farmland Development (P.A. 116) Situation. Thursday, July 7, 2011. N March I blogged about Governor Snyder's proposed budget plan, which purports to eliminate all tax credits, in what he articulates as a "leveling of the playing field." Whether you buy that or not, it is clear that his approach is moving in that direction. Reported that the Snyder proposals have yet to...

5

MICHIGAN AGRICULTURE LAW: Snyder Budget Targets Farmland Preservation Credits

http://michiganaglaw.blogspot.com/2011/03/snyder-budget-targets-farmland.html

SMITH BOVILL LAW FIRM. GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan. Snyder Budget Targets Farmland Preservation Credits. Friday, March 11, 2011. Onventional wisdom (well, mine, anyway J. Posted by Michigan Estate Planning. Subscribe to: Post Comments (Atom). Oil and gas lease. Qualified agriculture property exemption. Michigan Department of Agriculture. PA 116 - Michigan Department of Agriculture. Michigan Farm Bureau Young Farmers.

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michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: March 2012

http://michiganestateplanning.blogspot.com/2012_03_01_archive.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Some Family Cottage Strategies in Light of the Klooster Case. Mar 19, 2012. S an owner-family, one of the first questions I have clients consider is whether they should even go down that proverbial road? The family cottage should be passed. Nor is it really a road map illustrating. N 2010, the Michigan Supreme Court decided. Erhaps t...

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: Michigan Supreme Court Buys Us Another Generation on Real Property Taxes

http://michiganestateplanning.blogspot.com/2011/03/michigan-supreme-court-buys-us-another.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Michigan Supreme Court Buys Us Another Generation on Real Property Taxes. Mar 11, 2011. Hursday, March 10, 2011, the Michigan Supreme Court, in. Klooster v. City of Charlevoix. Case centered on the definition of "transfer of ownership," and the meaning of one of the exceptions laid out in the act. Adding children or siblings), an unc...

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: Welcome Clarification on Family Transfers of Residential Real Property and “Uncapping”

http://michiganestateplanning.blogspot.com/2014/11/welcome-clarification-on-family.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Welcome Clarification on Family Transfers of Residential Real Property and “Uncapping”. Nov 17, 2014. The new law now provides that transfers of property into and out of a trust, and via an estate, to these family members, are exempt, in addition to direct transfers. It wasn’t enough. T remained unclear whether these transfers among ...

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: January 2011

http://michiganestateplanning.blogspot.com/2011_01_01_archive.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Trusts After 2010 Estate Tax Reform. Jan 9, 2011. Ince the extension of the so-called "Bush Tax Cuts" by Congress on December 17, 2010, and the very favorable changes to the Federal Estate Tax, I have received numerous calls and e-mails, all asking essentially the same question: "Can I scrap my Trust? My answer is, " of course not!

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: The Michigan Property Tax Personal Residence Exemption

http://michiganestateplanning.blogspot.com/2012/05/michigan-property-tax-personal.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. The Michigan Property Tax Personal Residence Exemption. May 16, 2012. He Michigan General Property Tax Act. Navigating The Michigan General Property Tax Qualified Agricultural Property Exemption. Both exempt the subject property from the school tax. The mechanics of their application differs somewhat. He personal residence exemption.

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: November 2014

http://michiganestateplanning.blogspot.com/2014_11_01_archive.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Welcome Clarification on Family Transfers of Residential Real Property and “Uncapping”. Nov 17, 2014. The new law now provides that transfers of property into and out of a trust, and via an estate, to these family members, are exempt, in addition to direct transfers. It wasn’t enough. T remained unclear whether these transfers among ...

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: February 2013

http://michiganestateplanning.blogspot.com/2013_02_01_archive.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. New Michigan Law Avoids “Uncapping” in Family Transfers. Feb 25, 2013. Wo years ago in March, I reported here on the. Klooster v City of Charlevoix. Owever, when there is a "transfer" of ownership in real property, the taxing authority may "uncap" the valuation for the "tax day" immediately following the transfer, raising the taxable...

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: March 2011

http://michiganestateplanning.blogspot.com/2011_03_01_archive.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Michigan Supreme Court Buys Us Another Generation on Real Property Taxes. Mar 11, 2011. Hursday, March 10, 2011, the Michigan Supreme Court, in. Klooster v. City of Charlevoix. Case centered on the definition of "transfer of ownership," and the meaning of one of the exceptions laid out in the act. Adding children or siblings), an unc...

michiganestateplanning.blogspot.com michiganestateplanning.blogspot.com

MICHIGAN ESTATE PLANNING: Should You have a “Ladybird” Deed?

http://michiganestateplanning.blogspot.com/2014/03/should-you-have-ladybird-deed.html

Smith Bovill, P.C. National Association of Estate Planning Councils. GREAT LAKES BAY LAWYERS - Smith Bovill, P.C. - Providing quality legal services throughout Mid-Michigan. Should You have a “Ladybird” Deed? Mar 9, 2014. Maybe; Maybe not. Should I have one of those lady bird deeds. My answer: "Maybe. Maybe not." J. The "ladybird" deed is not a one-size-fits-all" panacea for all of our real property estate planning challenges. Deed subject to Life Estate. Remember, the new law addresses a transfer to a p...

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SMITH BOVILL LAW FIRM. GREAT LAKES BAY LAWYERS - SMITH BOVILL, P.C. - Providing quality legal services throughout Mid-Michigan. New Estate and Gift Tax Law will be Good for Farmers. Friday, January 4, 2013. The Act preserves the $5 million per person ($10 million per married couple) "unified"estate and gift exemption, indexes for inflation, and makes the concept of "portability," a permanent feature. Increase in the rate (which will only apply after the $5/10 million credit has been used up). He new "per...

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