Bloomfield Hills Trusts Lawyer, Michigan, page 2

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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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Mya Marshall

Family Law, Trusts, Copyright, Business

Status:

CONTACT

801 S Adams Rd, Birmingham, MI 48009

Timothy E. Harden

Trusts, Gift Taxation, Estate Planning, Business

Status: Licensed: 22 Years

CONTACT

255 E Brown St, Birmingham, MI 48009

Paul J. Smothers

Construction, Trusts, Employee Rights, Contract

Status: Licensed: 32 Years

CONTACT

2150 Butterfield Dr, Troy, MI 48084

Diane Margosian Paulsen

Real Estate, Trusts, Estate Planning, Family Law, Elder Law

Status: Licensed: 40 Years

CONTACT

31350 Telegraph Rd, Franklin, MI 48025

Mark E. Mueller

Commercial Real Estate, Trusts, Estate Planning, Business

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801 W Big Beaver Rd, Troy, MI 48084

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

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32871 Middlebelt Rd, 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

Matthew Alan Ferrara

Trusts, Estate Planning, Elder Law, Contract

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CONTACT

32300 Northwestern Hwy, Farmington, MI 48334

800-814-6700

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LEGAL TERMS

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.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

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.

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.

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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Bloomfield Hills Trusts Lawyer, Michigan, page 2

Sponsored Law Firm

Thav, Ryke and Associates, Attorneys at Law

SPONSORED LAWYERS

Mya Marshall

Timothy E. Harden

Paul J. Smothers

Diane Margosian Paulsen

Mark E. Mueller

Lauren M. Underwood

Blake P. Lipman

Duane L. Reynolds

Leclair L. Flaherty

Matthew Alan Ferrara

TIPS

LEGAL TERMS

TRUST DEED

RULE AGAINST PERPETUITIES

LAPSE

QTIP TRUST

ABATEMENT

SPECIAL ADMINISTRATOR

WARRANTY DEED

WILL

EXEMPTION TRUST

SAMPLE LEGAL CASES

In re Kostin Estate

In re Temple Marital Trust

In re Mary E. Griffin Revocable Grantor Trust

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