Royal Oak Estate Planning Lawyer, Michigan, page 7

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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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2. Email
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Includes: Gift Taxation

Peter J. Bill

Real Estate, Estate Planning, Estate

Status:

CONTACT

101 W Big Beaver Rd, Troy, MI 48084

Basil M. Briggs

Government, Estate Planning, Estate, Business

Status:

CONTACT

101 W Big Beaver Rd, Troy, MI 48084

Elise L. Lievois

Real Estate, Estate Planning, Estate

Status: Licensed: 38 Years

CONTACT

1680 Crooks Rd, Troy, MI 48084

Emily J. Robertson

Estate Planning, Guardianships & Conservatorships, Elder Law

Status: Licensed: 17 Years

CONTACT

26075 Woodward Ave, Huntington Woods, MI 48070

Thomas J. Mohan

Immigration, Trusts, Estate Planning, Elder Law, Business

Status: Licensed: 39 Years

CONTACT

100 W Big Beaver Rd, Troy, MI 48084

Nina Dodge Abrams

Dispute Resolution, Estate Planning, Family Law, Elder Law

Status: Licensed: 48 Years

CONTACT

12959 Talbot Ln, Huntington Woods, MI 48070

Stephen Charles Johnston

Commercial Real Estate, Trusts, Estate Planning, Estate

Status: Licensed: 10 Years

CONTACT

1900 W Big Beaver Rd, Troy, MI 48084

Amy E. Peterman

Dispute Resolution, Estate Planning, Estate, Family Law, Elder Law

Status: Licensed: 37 Years

CONTACT

414 W 5th St, Royal Oak, MI 48067

Michael J. Beals

Real Estate, Trusts, Estate Planning, Business

Status: Licensed: 38 Years

CONTACT

2600 W Big Beaver Rd, Troy, MI 48084

John A. Wise

Real Estate, International, Gift Taxation, Business

Status: Licensed: 62 Years

CONTACT

450 W. 4Th Street, Royal Oak, MI 48067

800-814-6700

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LEGAL TERMS

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).

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

KINDRED

Under some state's probate codes, all relatives of a deceased person.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

CERTIFICATION OF TRUST

See abstract of trust.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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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Royal Oak Estate Planning Lawyer, Michigan, page 7

Sponsored Law Firm

Thav, Ryke and Associates, Attorneys at Law

SPONSORED LAWYERS

Peter J. Bill

Basil M. Briggs

Elise L. Lievois

Emily J. Robertson

Thomas J. Mohan

Nina Dodge Abrams

Stephen Charles Johnston

Amy E. Peterman

Michael J. Beals

John A. Wise

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

PRETERMITTED HEIR

KINDRED

GRANTOR

CERTIFICATION OF TRUST

INVESTOR

TRUST DEED

FAMILY ALLOWANCE

TAKING AGAINST THE WILL

SAMPLE LEGAL CASES

IN RE ESTATE OF SOUTHWORTH

IN RE HAYES

Charfoos v. Schultz

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