Traverse City, Michigan, and the surrounding areas are witnessing an unprecedented rise in property values. This surge poses unique challenges for estate planning, particularly in preserving property tax caps during the transfer of ownership. This blog post aims to guide property owners through incorporating property tax considerations into their estate plans, ensuring their legacies enrich…
Category: Estate Law
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Author: Daniel J. Dingeman This past year, the Michigan Supreme Court opened the door for many more Michigan homeowners to be eligible for a significant tax refund from the State of Michigan. In Gardner v. Department of Treasury, the Court reversed a lower court’s decision that the state real estate transfer tax exemption only applies…