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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Estate, Criminal Defense, Estate
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
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Amy N. Morrissey

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 29 Years

CONTACT

345 S Division St, Ann Arbor, MI 48104

Susan S. Westerman

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 54 Years

CONTACT

345 S Division St, Ann Arbor, MI 48104

John C. Cole

Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

317 S Division St, Ann Arbor, MI 48104

John Charles Cole

Trusts, Estate Planning, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

317 S Division St, Ann Arbor, MI 48104

John Charles Cole

Lawsuit & Dispute, International, Trusts, Business

Status: In Good Standing Licensed: 36 Years

CONTACT

317 S Division St, Ann Arbor, MI 48104

Daniel J. Cramer

Trusts, Gift Taxation, Estate Planning, Elder Law, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

339 E Liberty St, Ann Arbor, MI 48104

Jena Paige Agler

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 13 Years

CONTACT

125 S 5Th Ave, Ann Arbor, MI 48104

Chad C. Nesbit

Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 27 Years

CONTACT

125 S 5Th Ave, Ann Arbor, MI 48104

Jonathan Michael Koudelka

Trusts, Merger & Acquisition, Licensing, Antitrust

Status: In Good Standing Licensed: 14 Years

CONTACT

106 E Liberty St, Ann Arbor, MI 48104

Elizabeth M. Petoskey

Wills & Probate, Trusts, Estate Planning, Administrative Law

Status: In Good Standing Licensed: 40 Years

CONTACT

350 S Main St, Ann Arbor, MI 48104

800-923-0641

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LEGAL TERMS

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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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Ann Arbor Trusts Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Amy N. Morrissey

Susan S. Westerman

John C. Cole

John Charles Cole

John Charles Cole

Daniel J. Cramer

Jena Paige Agler

Chad C. Nesbit

Jonathan Michael Koudelka

Elizabeth M. Petoskey

TIPS

LEGAL TERMS

ANCILLARY PROBATE

BYPASS TRUST

INHERIT

BEQUEATH

SPECIFIC BEQUEST

INHERITANCE TAXES

GROSS ESTATE

REMAINDERMAN

RESIDUARY ESTATE

SAMPLE LEGAL CASES

In re Kostin Estate

In re Temple Marital Trust

In re Mary E. Griffin Revocable Grantor Trust

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