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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Estate, Criminal Defense, Estate
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
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Allison Brae Ireton

Other, Estate Planning, Family Law, Criminal

Status: In Good Standing Licensed: 18 Years

CONTACT

251 Jackson Plaza, Ann Arbor, MI 48103

Elizabeth Sue Graziano

Real Estate, Estate Planning, Elder Law, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

250 W Eisenhower Pkwy, Ann Arbor, MI 48103

David A. Sutherland

Labor Law, Elder Law, Estate Planning, Health Care Other

Status: In Good Standing

CONTACT

1875 Ridgewood Cir, Saline, MI 48176

Fionnuala M. Holowicki

Estate, Reorganization

Status: In Good Standing Licensed: 29 Years

CONTACT

455 E Eisenhower Pkwy, Ann Arbor, MI 48108

Steven Michael Zamenski

Landlord-Tenant, Trusts, Estate Planning, Criminal

Status: In Good Standing Licensed: 15 Years

CONTACT

1969 W Stadium Blvd, Ann Arbor, MI 48103

Stephanie Lynn Stenberg

Entertainment, Gift Taxation, Labor Law, Business

Status: In Good Standing Licensed: 18 Years

CONTACT

100 Phoenix Dr, Ann Arbor, MI 48108

David D. Sprague

Military, Medicare & Medicaid, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

2723 S State St, Ann Arbor, MI 48104

Samir Dahman

Construction, Copyright, Trusts, Contract

Status: In Good Standing

CONTACT

2723 S State St, Ann Arbor, MI 48104

Samir Bradley Dahman

Construction, Copyright, Trusts, Contract

Status: In Good Standing

CONTACT

2723 S State St, Ann Arbor, MI 48104

Fred S. Steingold

Real Estate, Estate Planning, Estate, Business

Status: In Good Standing Licensed: 64 Years

CONTACT

455 E Eisenhower Pkwy, Ann Arbor, MI 48108

800-923-0641

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LEGAL TERMS

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

TITLE COMPANY

A company that issues title insurance.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

SAMPLE LEGAL CASES

In re Kostin Estate

In Docket No. 272767, respondent Camille A. Kent appeals as of right the probate court's judgment and order following a bench trial, interpreting a will and trust, determining heirs and devisees, and determining title to property after decedent Juanita Kostin's death in 2004. ...

In re Nestorovski Estate

723 Payne, Broder & Fossee (by Andrew J. Broder) and Underwood & March (by Lauren M. Underwood), Bingham Farms, for the petitioner. ... Kemp Klein Law Firm, PC (by Alan A. May and Debra Nance), Troy, for the respondent. ... Before: SAAD, CJ, and BORRELLO and ...

In re Rudell Estate

During her lifetime, the decedent owned a certain parcel of residential real property located at 1170 Chesterfield in Birmingham, Michigan (the property). In 1982, the decedent properly transferred ownership of the property to the trust. According to the complaint filed in this matter, the ...

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Bridgewater Estate Lawyer, Michigan, page 3

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Allison Brae Ireton

Elizabeth Sue Graziano

David A. Sutherland

Fionnuala M. Holowicki

Steven Michael Zamenski

Stephanie Lynn Stenberg

David D. Sprague

Samir Dahman

Samir Bradley Dahman

Fred S. Steingold

TIPS

LEGAL TERMS

ACCUMULATION TRUST

BENEFICIARY

TITLE COMPANY

GRANTOR RETAINED INCOME TRUST

LIVING TRUST

SURVIVING SPOUSE'S TRUST

PUBLIC ADMINISTRATOR

RULE AGAINST PERPETUITIES

GENERATION-SKIPPING TRANSFER TAX

SAMPLE LEGAL CASES

In re Kostin Estate

In re Nestorovski Estate

In re Rudell Estate

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