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  • Significant Changes to the Federal Estate and Gift Tax Exemption Pending in Congress
    Significant Changes to the Federal Estate and Gift Tax Exemption Pending in Congress

    The United States Senate is considering significant changes to the federal estate and gift tax exemption. If the proposed legislation passes both houses of Congress and is signed by the President, the ...

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  • Estate Tax and Inheritance Tax Considerations in Michigan Estate Planning
    Estate Tax and Inheritance Tax Considerations in Michigan Estate Planning

    An important concern of our estate planning clients at BRMM is how estate tax and inheritance tax affect a Michigan estate. While the response to an individual client depends on a number of factors — ...

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  • Federal Estate Tax and Gift Tax Changes in the Tax Cut and Jobs Act Provide New Opportunities for Tax Savings
    Federal Estate Tax and Gift Tax Changes in the Tax Cut and Jobs Act Provide New Opportunities for Tax Savings

    Most of the changes in the Tax Cut and Jobs Act, which became effective on January 1, 2018, relate to income taxes. However, the law includes important and significant changes that affect federal ...

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  • Congress Closes Kiddie Tax Loophole
    Congress Closes Kiddie Tax Loophole

    Sometimes the best-laid plans go awry – and this time, you can blame Congress. If part of your tax planning included giving appreciated stocks, mutual funds or other assets to your teen or college ...

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  • What to Do if You Inherit an IRA
    What to Do if You Inherit an IRA

    As more and more people open individual retirement accounts (IRAs) it becomes more and more likely that some of those account will pass from the IRA owners to their beneficiaries. Here’s what you need ...

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  • ABLE Accounts in Michigan - Savings Plans for Individuals with Disabilities and their Families
    ABLE Accounts in Michigan - Savings Plans for Individuals with Disabilities and their Families

    ABLE stands for Achieving a Better Life Experience. The federal ABLE Act, signed into law in 2014, allows states to set up ABLE programs. The program was established to assist individuals with ...

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