Legal Question in Wills and Trusts in Michigan
Estate Taxes
Are estate taxes deducted from the estate before disbursement of the funds or is each person responsible for paying the taxes?
Asked on 6/02/09, 7:29 pm
1 Answer from Attorneys
John Tatone
John R. Tatone & Associates PLC
Re: Estate Taxes
They are deducted from the fund, however, Estate taxes only apply if the Estate is over $2,000,000 currently. Please contact me at johntatone.com or 888-988-LAWS (5297) if you would like to discuss this matter with me.
Answered on 6/17/09, 8:40 pm