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EPIC COST OF LIVING ADJUSTMENTS
Pursuant to the cost of
living adjustment provision in EPIC (MCL 700.1210), the following table
shows the amounts to be used for decedents dying in the years indicated:
|
|
4/1-12/31
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
|
Intestate
(Surviving Spouse’s share)
|
$150,000 |
$161,000 |
$165,000 |
$168,000 |
$172,000 |
$177,000 |
$183,000 |
$188,000 |
|
Intestate
(Surviving Spouse’s share – no children w/decedent)
|
100,000 |
107.000 |
110,000 |
112,000 |
115,000 |
118,000 |
122,000 |
126,000 |
|
Small Estate
|
15,000 |
16,000 |
17,000 |
17,000 |
17,000 |
18,000 |
18,000 |
19,000 |
|
Small Estate
Affidavit Procedure
|
15,000 |
16,000 |
17,000 |
17,000 |
17,000 |
18,000 |
18,000 |
19,000 |
|
Homestead
Allowance
|
15,000 |
16,000 |
17,000 |
17,000 |
17,000 |
18,000 |
18,000 |
19,000 |
|
Exempt Property
Allowance
|
10,000 |
11,000 |
11,000 |
11,000 |
11,000 |
12,000 |
12,000 |
13,000 |
|
Family Allowance* |
18,000 |
19,000 |
20,000 |
20,000 |
21,000 |
21,000 |
22,000 |
23,000 |
* Amount that
a personal representative can determine automatically without prior
approval.
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