Royal Oak Estate Planning Lawyer, Michigan, page 5

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Charles Mitchell Russman

Intellectual Property, Biotechnology, Gift Taxation, Labor Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  17 Years

Robin D. Ferriby

Gift Taxation, Estate Planning, Civil & Human Rights, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  38 Years

Andrea M. Kanski

Estate Planning, Estate, Elder Law, Civil & Human Rights
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  38 Years

Andrew A. Ayar

Business, Gift Taxation, Real Estate, Banking & Finance
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  21 Years

Donald J. Hutchinson

General Practice
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  39 Years

Margery Moselle Mann

Estate Planning, Estate, Family Law, Divorce & Family Law
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  51 Years

Theresa C. Joswick

International, Gift Taxation, Labor Law, Employment
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Loukas Panayiotis Kalliantasis

Tax, Real Estate Other, Gift Taxation, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  17 Years

Mary Kathleen Flaherty

Estate Planning, Estate, Banking & Finance, Business
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  24 Years

Erica Lynn Glass

Litigation, Estate, Estate Planning, Tax
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  21 Years

Free Help: Use This Form or Call 800-814-6700

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Easily find Royal Oak Estate Planning Lawyers and Royal Oak Estate Planning Law Firms. For more attorneys, search all Estate areas including Trusts, Wills & Probate and Power of Attorney attorneys.

LEGAL TERMS

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)
Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

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.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)
A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)
A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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, § 22.4.]. ... [Michigan Estate Planning Handbook (Carol J. Karr ed., ICLE 2d ed, 2006), ch 22, § 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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