Why did Michael fake his death in GTA 5?

Could you elaborate on the reasons behind Michael's decision to fake his death in GTA 5? Was it a strategic move to evade the authorities or did he have personal motives? Was he trying to protect his loved ones or was it part of a larger plan? Did the game provide any clues or hints that could explain his actions? And ultimately, how did this decision impact the storyline and the player's experience?