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2008 CFNEM Annual Report

The 2008 CFNEM Annual Report is now available.  Look inside to see 2008 grants and scholarships, a list of our donors and charitable funds, and see what our Youth Advisory Councils have done this year.  If you would like to receive a hard copy of the Annual Report please call us toll free at 877-354-6881, and we will gladly send you one.

You will need Adobe Reader© to view the Annual Report online.  If you do not already have it, you may download it for free at www.adobe.com.

 

Wealth Transfer in Michigan and the Incredable Legacy We Can Leave to Northeast Michigan

In 50 years, $972 billion is expected to pass from one generation to the next in Michigan. In just 10 years, $140.6 billion will have transferred.

National research projects a $53 trillion transfer of weath across the United States. but while the average transfer nationwide will peak after 50 years, wealth transfer in Michigan counties will crest in twenty to thirty years. In Alpena County, the greatest wealth trasfer will likely happen between 2030 and 2035. In the counties of Alcona, Montmorency and Presque Isle, it will happen between 2025 and 2030.

Much of the wealth is currently invested in family homes and farms, retirement accounts and other appreciated assets - some of which may be heavily taxed if given to heirs.

To read the rest of this article, click on the headline to the right.