Legal Question in Wills and Trusts in Michigan

Gifts to children

How much can a parent gift a child and not get penilized


Asked on 9/22/08, 1:01 pm

2 Answers from Attorneys
Jerrold Bartholomew Priority Elder Law and Estate Planning, PLC

Re: Gifts to children

Currently in Michigan there is no exception to the rule that gifts result in a penalty. There are other ways to protect assets, however, and planning options are available under current law. You can see my blog at http://www.michiganelderlaw.info.

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Answered on 9/22/08, 1:11 pm
Jerrold Bartholomew Priority Elder Law and Estate Planning, PLC

Re: Gifts to children

I should also mention that I do practice in the Bad Axe area and I would be happy to help you.

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Answered on 9/22/08, 1:56 pm


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