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Tricia Terry
About | Articles
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.
2. AboutExperienced Michigan Lawyer
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James L. Carey

Veterans' Affairs, Landlord-Tenant, Trusts, Contract

Status: In Good Standing Licensed: 20 Years

CONTACT

23781 Point O Woods Ct, South Lyon, MI 48178

Eileen M. Le Gall

Intellectual Property, Immigration, Estate, Trademark

Status: In Good Standing Licensed: 25 Years

CONTACT

x, Plymouth, MI 48170

Jennifer J. Troyer

Tax, Gift Taxation

Status: In Good Standing Licensed: 25 Years

CONTACT

Plymouth, MI 48170

Roxanne J. Chang

Dispute Resolution, Lawsuit & Dispute, Estate Planning, Elder Law

Status: In Good Standing Licensed: 22 Years

CONTACT

Plymouth, MI 48170

Diane L. Dauber

Estate Planning, Gift Taxation, International Tax, Trusts

Status: In Good Standing Licensed: 37 Years

CONTACT

8955 Pine Trail Ct, Plymouth, MI 48170

Philip J. Weipert

Medicare & Medicaid, Estate Planning, Divorce, Elder Law, Trusts

Status: In Good Standing Licensed: 36 Years

CONTACT

400 S Lafayette St, South Lyon, MI 48178

Cathie B. Maher

Estate Planning, Estate

Status: In Good Standing Licensed: 43 Years

CONTACT

7936 Thornwood St, Canton, MI 48187

James W. Quigly

Other, Estate Planning, Estate, Real Estate

Status: In Good Standing Licensed: 51 Years

CONTACT

9575 Currie Rd, Northville, MI 48167

Lynn L. Lower

Wills & Probate

Status: In Good Standing Licensed: 53 Years

CONTACT

45766 Fermanagh Drive, Northville, MI 48168

Andrew R. Grifka

Estate Planning, Estate

Status: In Good Standing Licensed: 35 Years

CONTACT

14206 Wilson Dr, Plymouth, MI 48170

800-923-0641

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LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

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.

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).

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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Salem Estate Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

James L. Carey

Eileen M. Le Gall

Jennifer J. Troyer

Roxanne J. Chang

Diane L. Dauber

Philip J. Weipert

Cathie B. Maher

James W. Quigly

Lynn L. Lower

Andrew R. Grifka

TIPS

LEGAL TERMS

NET ESTATE

INTESTATE SUCCESSION

LAPSE

CERTIFIED COPY

ENDOWMENT INSURANCE

QDOT TRUST

LETTERS TESTAMENTARY

AB TRUST

GRANTOR RETAINED INCOME TRUST

SAMPLE LEGAL CASES

In re Kostin Estate

In re Nestorovski Estate

In re Rudell Estate

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