Tuesday, January 31, 2023

Michigan Treasury Reports

 The reported increases in statutory figures for 2023 are: 

Spouse's intestate share2102, MCL 700.2102273,000
Spouse's intestate share2102, MCL 700.2102182,000
Homestead allowance2402, MCL 700.240227,000
Exempt property2404, MCL 700.240418,000
Family allowance2403, MCL 700.240333,000
Small estates3982, MCL 700.398227,000
Sworn statement3983, MCL 700.398327,000
Terminating small trusts7414, MCL 700.741491,000

As a reminder, the smaller amount under section 2102 applies if none of the decedent's children are also children of the surviving spouse. 

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