Bay Shore Estate Planning Lawyer, Michigan

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Jamie R. Ryke
About | Practice Areas
Thav, Ryke and Associates, Attorneys at Law
24725 W 12 Mile Rd Suite 110 Southfield, MI 48034» view map
Estate Law
Lawyers Who Treat You Like Family

We have achieved a reputation for solving complex probate matters and as a result, practice and have clients throughout the great state of Michigan.

800-707-6901
1. Jamie R. Ryke Southfield, MI
  Attorney at Law - MI, 1997
  St. Thomas University J.D. 1996
2. AboutThav, Ryke and Associates, Attorneys at Law
  Lawyers Who Treat You Like Family
3. Practice AreasExpertise
  Estate Law
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Includes: Gift Taxation

Allen J. Nelson

Dispute Resolution, Estate Planning, Criminal, Elder Law

Status: Licensed: 61 Years

CONTACT

768 Woodhill Rd, Harbor Springs, MI 49740

Barbara T. Rende

Federal Appellate Practice, Estate Planning, Labor Law, Employment

Status: Licensed: 28 Years

CONTACT

04424 First Street, Walloon Lake, MI 49796

Blaise Patrick Ryan

Agriculture, Estate Planning, Federal Appellate Practice, Real Estate

Status:

CONTACT

410 Petoskey St, Petoskey, MI 49770

Bradley Chase Martin

Trusts, Estate Planning, Estate, Criminal

Status: Licensed: 11 Years

CONTACT

3280 Woods Way, Petoskey, MI 49770

Bridget Brown Powers

Real Estate Other, Wills & Probate, Trusts, Estate Planning, Business Organization

Status:

CONTACT

101 W Mitchell St, Petoskey, MI 49770

Charles T. Wright

Income Tax, Corporate Tax, Gift Taxation, Corporate

Status: Licensed: 36 Years

CONTACT

550 High Pines Trl, Boyne City, MI 49712

Cherie R. Dominic

Estate Planning, Family Law, Native People, Civil & Human Rights

Status: Licensed: 11 Years

CONTACT

7500 Odawa Cir, Good Hart, MI 49740

Claire Hollis Forster

Estate Planning, Estate, Elder Law, Civil & Human Rights

Status: Licensed: 19 Years

CONTACT

7 Pennsylvania Plaza, Petoskey, MI 49770

Claire Hollis Forster

Estate Planning, Elder Law

Status: Licensed: 19 Years

CONTACT

932 Meadow Lane, Harbor Springs, MI 49740

Daniel S. Gerow

Estate Planning, Family Law, Criminal, Bankruptcy, Farms

Status:

CONTACT

1110 Stonecliff, Boyne City, MI 49712

800-814-6700

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LEGAL TERMS

CURATOR

See conservator.

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.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

TITLE COMPANY

A company that issues title insurance.

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

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.

SAMPLE LEGAL CASES

IN RE ESTATE OF SOUTHWORTH

... Margaret Noe. In February 2005, the decedent consulted Noe for estate planning advice. The ... estate plan. The representative offered to meet with the decedent and answer any questions regarding estate planning and the college. Despite ...

IN RE HAYES

... In addition, the survivor may amend or revoke the trust." [Brief at 8, citing Michigan Estate Planning Handbook (Carol J. Karr ed., ICLE 2d ed, 2006), ch 22, Â§ 22.4.]. ... [Michigan Estate Planning Handbook (Carol J. Karr ed., ICLE 2d ed, 2006), ch 22, Â§ 22.4.]. ...

Charfoos v. Schultz

... including trust documents, as in this case. Bullis v Downes, 240 Mich App 462, 468; 612 NW2d 435 (2000) (no distinction made among varieties of modern estate planning tools). Here, the trial court prohibited plaintiffs from ...

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Bay Shore Estate Planning Lawyer, Michigan

Sponsored Law Firm

Thav, Ryke and Associates, Attorneys at Law

SPONSORED LAWYERS

Allen J. Nelson

Barbara T. Rende

Blaise Patrick Ryan

Bradley Chase Martin

Bridget Brown Powers

Charles T. Wright

Cherie R. Dominic

Claire Hollis Forster

Claire Hollis Forster

Daniel S. Gerow

TIPS

LEGAL TERMS

CURATOR

ACCUMULATION TRUST

ABSTRACT OF TRUST

ABATEMENT

ADEMPTION

TITLE COMPANY

GENERATION-SKIPPING TRANSFER TAX

PROBATE

GRANT DEED

SAMPLE LEGAL CASES

IN RE ESTATE OF SOUTHWORTH

IN RE HAYES

Charfoos v. Schultz

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