Royal Oak Estate Lawyer, Michigan, page 3

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Cortney Gibson
About | Practice Areas
Dulaney Gibson Law and Advocacy
2447 Emerson Ave Bloomfield Hills, MI 48302» view map
Estate Law
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If two heads are better than one, imagine the team WE would make. Simply put...we want your head in the game, too.

800-879-0801
1. Cortney Gibson Bloomfield Hills, MI
  Attorney at Law - MI, 2012
  Thomas M. Cooley Law School J.D.
2. AboutDulaney Gibson Law and Advocacy
  We Have Your Back
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Timothy P. McGlinchey

Wills & Probate, Family Law, Business Organization, Medical Malpractice

Status: In Good Standing Licensed: 27 Years

CONTACT

3200 N Main St, Royal Oak, MI 48073

Michael Caine

Estate, Estate Planning, Real Estate, Wills & Probate

Status: In Good Standing Licensed: 23 Years

FREE CONSULTATION

CONTACT

2491 Northwestern Hwy, Southfield, MI 48075

Sanford J. Melder

Litigation, Trusts, Family Law, Contract, Collection

Status: In Good Standing

CONTACT

2304 E 11 Mile Rd, Royal Oak, MI 48067

Aric K. Melder

Trusts, Divorce, Contract, Collection

Status: In Good Standing

CONTACT

2304 E 11 Mile Rd, Royal Oak, MI 48067

Regina M. Staudacher

International Tax, Gift Taxation, Merger & Acquisition, Business

Status: In Good Standing Licensed: 31 Years

CONTACT

450 W. 4Th Street, Royal Oak, MI 48067

Scott Donovan Skinner

Landlord-Tenant, Estate Planning, Business, Credit & Debt

Status: In Good Standing Licensed: 12 Years

CONTACT

26711 Woodward Ave, Huntington Woods, MI 48070

Leonid Garbuzov

Landlord-Tenant, Estate Planning, Family Law, Insurance

Status: In Good Standing

CONTACT

30701 Barrington St, Madison Heights, MI 48071

Howard H. Collens

Litigation, Estate Planning, Employee Rights, Elder Law

Status: In Good Standing

CONTACT

26075 Woodward Ave, Huntington Woods, MI 48070

Shalanda Coretta Leggs

Other, Government, Estate Planning, Estate

Status: In Good Standing Licensed: 15 Years

CONTACT

29488 Woodward Ave, Royal Oak, MI 48073

Kasiani A. Norman-Teknos

Estate Planning, Estate, Family Law, Divorce & Family Law

Status: In Good Standing

CONTACT

1041 Irving Ave, Royal Oak, MI 48067

800-923-0641

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LEGAL TERMS

DEVISEE

A person or entity who inherits real estate under the terms of a will.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

DEED OF TRUST

See trust deed.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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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Royal Oak Estate Lawyer, Michigan, page 3

Sponsored Law Firm

Dulaney Gibson Law and Advocacy

SPONSORED LAWYERS

Timothy P. McGlinchey

Michael Caine

Sanford J. Melder

Aric K. Melder

Regina M. Staudacher

Scott Donovan Skinner

Leonid Garbuzov

Howard H. Collens

Shalanda Coretta Leggs

Kasiani A. Norman-Teknos

TIPS

LEGAL TERMS

DEVISEE

AB TRUST

QDOT TRUST

DISTRIBUTEE

EXEMPTION TRUST

ALTERNATE BENEFICIARY

GRANT DEED

DEED OF TRUST

TRUSTEE POWERS

SAMPLE LEGAL CASES

In re Kostin Estate

In re Nestorovski Estate

In re Rudell Estate

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