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(2) A certificate of trust may be signed or otherwise authenticated by the settlor, any trustee, or an attorney for the settlor or trustee. The certificate must be in the form of an affidavit.
As per federal law, employers have to withhold 4.25% of the gross salary of all the employees working under them in Michigan.
Pursuant to the current law, a certificate of trust must include: The name of the trust, the date of the trust, and the date of each operative trust instrument. The name and address of each current trustee. The powers of the trustee relating to the purposes for which the certificate of trust is offered.
Every employer must obtain a Withholding Exemption Certificate (Form MI-W4) from each employee. The federal W-4 cannot be used in place of the MI-W4. The exemption amount is $4,750 per year times the number of personal and dependency exemptions allowed under Part 1 of the Michigan Income Tax Act.
What is a Certificate of Trust in Michigan? The name of the trust, the date of the trust, and the date of each operative trust instrument. The name and address of each current trustee. The powers of the trustee relating to the purposes for which the certificate of trust is offered.