Livonia Trusts Lawyer, Michigan, page 3

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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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Daniel Lee Weberman

Landlord-Tenant, Trusts, Family Law, Contract

Status: Licensed: 13 Years

CONTACT

30500 Northwestern Hwy, Farmington, MI 48334

Duane L. Reynolds

Landlord-Tenant, Federal Appellate Practice, Trusts, Contract

Status: Licensed: 42 Years

CONTACT

31500 Northwestern Hwy, Farmington, MI 48334

Leclair L. Flaherty

Landlord-Tenant, Trusts, Guardianships & Conservatorships, Contract

Status: Licensed: 33 Years

CONTACT

31500 Northwestern Hwy, Farmington, MI 48334

Donald A. Delong

Tax, Real Estate, Trusts, Contract

Status: Licensed: 40 Years

CONTACT

24800 Denso Dr, Southfield, MI 48033

Matthew Alan Ferrara

Trusts, Estate Planning, Elder Law, Contract

Status:

CONTACT

32300 Northwestern Hwy, Farmington, MI 48334

Dionne Elizabeth Webster-Cox

Other, Trusts, Estate Planning, Criminal

Status: Licensed: 18 Years

CONTACT

24100 Southfield Rd, Southfield, MI 48075

Donna J. Lehl

Mediation, Bankruptcy, Trusts, Bankruptcy & Debt

Status:

CONTACT

24901 Northwestern Highway, Southfield, MI 48075

Hameed Jamal Dakroub

Land Use & Zoning, Health Care Other, Trusts, Contract

Status: Licensed: 11 Years

CONTACT

1 Parklane Blvd, Dearborn, MI 48126

Lauren M. Underwood

Dispute Resolution, Trusts, Estate Planning, Estate

Status: Licensed: 34 Years

CONTACT

30100 Telegraph Rd, Franklin, MI 48025

Blake P. Lipman

Landlord-Tenant, Litigation, Trusts, Divorce, Contract

Status:

CONTACT

32871 Middlebelt Rd, Farmington, MI 48334

800-814-6700

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LEGAL TERMS

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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.

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using... (more...)

A statute that allows people to name a beneficiary to inherit stocks or bonds without probate. The owner of the securities can register them with a broker using a simple form that names a person to receive the property after the owner's death. Every state but Texas has adopted the statute.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

SAMPLE LEGAL CASES

In re Kostin Estate

... We find that, by statute, the trial court was obliged to honor the Totten trusts. Michigan law honors Totten trusts. MCL 487.702 provides, in relevant part: ... Michigan law also provides: Express trusts may be created for any or either of the following purposes: * * *. Fifth. ...

In re Temple Marital Trust

... But appeals from a probate court decision are on the record, not de novo. See MCL 700.1305; MCL 600.866(1); MCR 5.802(B)(1); In re Webb H. Coe Marital and Residuary Trusts, 233 Mich.App. ... In re Coe Trusts, supra; In re Baldwin Trust, supra at 396-397, 733 NW2d 419. ...

In re Mary E. Griffin Revocable Grantor Trust

... Although MCL 700.2518 does not apply to trusts, we conclude that it reflects this state's public policy that a no-contest clause in a trust agreement is unenforceable if there is probable cause for challenging the trust. ... 2 Restatement Trusts, 3d, Â§ 29(c), pp. ...

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Livonia Trusts Lawyer, Michigan, page 3

Sponsored Law Firm

Thav, Ryke and Associates, Attorneys at Law

SPONSORED LAWYERS

Daniel Lee Weberman

Duane L. Reynolds

Leclair L. Flaherty

Donald A. Delong

Matthew Alan Ferrara

Dionne Elizabeth Webster-Cox

Donna J. Lehl

Hameed Jamal Dakroub

Lauren M. Underwood

Blake P. Lipman

TIPS

LEGAL TERMS

PROBATE

IRREVOCABLE TRUST

LETTERS TESTAMENTARY

ESTATE TAXES

GENERATION-SKIPPING TRUST

EXEMPTION TRUST

UNIFORM TRANSFER-ON-DEATH SECURITY ACT

STATUTORY SHARE

DISCHARGE (OF PROBATE ADMINISTRATOR)

SAMPLE LEGAL CASES

In re Kostin Estate

In re Temple Marital Trust

In re Mary E. Griffin Revocable Grantor Trust

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