Bingham Legal Group PC

Bingham legal group

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February 2016 Archives

Is the inheritance you received taxable?

It's tax season! If you received an inheritance in 2015, a portion of what you received may be includible on your 2015 1040 (individual income tax return). These amounts are shown on a Schedule K-1, which you will receive from the estate or trust that made the distribution. The Personal Representative or Trustee will be able to tell you if you are going to receive a Schedule K-1.

Beneficiary designations in estate planning: don’t forget to keep them updated

Estate planning, as many readers are aware, can quite complex, but it can also be very simple, depending on the needs and desires of each individual. Even in simple estate planning, though, there are various elements that need to be addressed and coordinated, and that includes beneficiary designations.

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Plan For And Protect Your Future

For an appointment and consultation, call an attorney at 248-952-8783 or contact us online. Bingham Legal Group PC is a full-service estate planning and probate firm providing counsel and service to individuals and businesses in Bingham Farms, the greater metropolitan Detroit area and throughout Michigan.

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Bingham legal group

30100 Telegraph Road, Suite 360
Bingham Farms, MI 48025

Phone: 248-952-8783
Fax: 248-642-3207
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