Kemp Klein

Neal Nusholtz's
Tax Guidance

Under Internal Revenue Code (”IRC”) §1014, Inherited property has a basis equal to the property’s fair market value on the date of death. The double basis step up is the brass ring of estate planning. The term double basis step up means a basis step up in all marital property on the first death of a husband and wife and a second basis step up on the death of the surviving spouse.

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Alan A. May's
Probate Law Case
Summaries

Settlor established a special needs trust. Blackacre to Appellee, worth about $1,200,000.00, $30,000.00 to each Appellants. Appellee, as trustee didn’t think, postmortem, there was enough liquidity in the trust to pay Appellants their expectancy, so (instead of simply borrowing the money), he voluntarily entered into a non-judicial modification agreement.

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Kemp Klein Foundation Charity Golf Outing 2025 Kemp Klein Golf Outing 2025 golf outing Michigan sponsorship register directions

Save The Date

Please join us for the 2025 Annual Kemp Klein Foundation Charity Golf Outing on Monday, September 8th. This year’s event will take place at the beautiful Links of Novi Singh. All proceeds will benefit First Tee - Greater Detroit.

Founded nationally in 1997, First Tee’s mission is “to impact the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf.”

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