Hazel Park Estate Planning Lawyer, Michigan

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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
We Have Your Back

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
3. Practice AreasExpertise
  Estate Law
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2. Email
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Includes: Gift Taxation

John Aoraha

Commercial Real Estate, Estate Planning, Administrative Law, Car Accident

Status: In Good Standing Licensed: 12 Years

CONTACT

536 E Pearl Ave, Hazel Park, MI 48030

Dana F. Wilson

Estate Planning, Estate, Criminal, Elder Law

Status: In Good Standing

CONTACT

23509 John R Rd, Hazel Park, MI 48030

Donald F. Badaczewski

Estate Planning, Estate

Status: In Good Standing Licensed: 40 Years

CONTACT

23509 John R Rd, Hazel Park, MI 48030

Steven D. Adams

Business, Estate Planning, Estate

Status: Inactive Licensed: 45 Years

CONTACT

24410 John R Rd, Hazel Park, MI 48030

William H. Tripp

Real Estate, Estate Planning, Estate

Status: In Good Standing Licensed: 58 Years

CONTACT

965 Wanda St, Ferndale, MI 48220

Richard Phillips

Gift Taxation

Status: In Good Standing Licensed: 14 Years

CONTACT

778 Channing St, Ferndale, MI 48220

Rebecca E. Renkola

Litigation, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 13 Years

CONTACT

415 Wordsworth St, Ferndale, MI 48220

Calvin A. Luker

Estate Planning, Family Law, Elder Law, Children's Rights

Status: In Good Standing

CONTACT

2007 Guthrie Ave, Royal Oak, MI 48067

Kelly Lauren Hughes

Gift Taxation

Status: In Good Standing Licensed: 10 Years

CONTACT

266 E Hazelhurst St, Ferndale, MI 48220

Neil A. Strefling

Estate Planning, Estate, Criminal

Status: In Good Standing Licensed: 47 Years

CONTACT

26153 John R Rd, Madison Heights, MI 48071

800-923-0641

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LEGAL TERMS

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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

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.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

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.

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.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

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.

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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Hazel Park Estate Planning Lawyer, Michigan

Sponsored Law Firm

Dulaney Gibson Law and Advocacy

SPONSORED LAWYERS

John Aoraha

Dana F. Wilson

Donald F. Badaczewski

Steven D. Adams

William H. Tripp

Richard Phillips

Rebecca E. Renkola

Calvin A. Luker

Kelly Lauren Hughes

Neil A. Strefling

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

FAILURE OF ISSUE

ESTATE TAXES

OFFICER

ENDOWMENT INSURANCE

ALTERNATE BENEFICIARY

BENEFICIARY

SPRINKLING TRUST

DISTRIBUTEE

SAMPLE LEGAL CASES

IN RE ESTATE OF SOUTHWORTH

IN RE HAYES

Charfoos v. Schultz

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