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Detroit Estate Lawyer, Michigan


Akiva  Goldman Lawyer

Akiva Goldman

VERIFIED
Accident & Injury, Divorce & Family Law, Criminal, Real Estate, Estate

Mr. Akiva Goldman is the managing partner of Goldman & Associates and a member of the State Bar of Michigan. Mr. Goldman received his undergraduate an... (more)

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800-918-9480

Nicole Lee-Ann Smith Lawyer

Nicole Lee-Ann Smith

VERIFIED
Divorce & Family Law, Criminal, Estate
Legal help for your life when you need it most.

Nicole L. Smith is dedicated to assisting each client as an individual. She is engaged in the practice of law primarily in Wayne County, Monroe County... (more)

Carl M. Woodard Lawyer

Carl M. Woodard

VERIFIED
Criminal, Accident & Injury, Divorce & Family Law, Wills & Probate, DUI-DWI

Mr. Woodard has over 30 years of experience helping clients in Dansville, MI.

Frank Westley Jackson Lawyer

Frank Westley Jackson

VERIFIED
Divorce & Family Law, Labor Law, Employment, Wills & Probate

As a lawyer with more than 38 years of corporate law experience (City of Detroit Law Department and the Office of the General Counsel, Blue Cross, Blu... (more)

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800-973-8771

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Lawrence John Lacey Lawyer

Lawrence John Lacey

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Estate, Consumer Protection, Dispute Resolution, Mediation
I have been practicing for 20 years. I am a mediator inthe District, Circuit, and Federal Courts.

Lawrence Lacey is a practicing lawyer serving Royal Oak, MI and the surrounding area.

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800-732-6840

John J. Keenan Lawyer

John J. Keenan

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Bankruptcy, Divorce, Wills & Probate, Trusts, Business Organization

Our Philosophy: We believe that everyone deserves quality legal representation at a fair price. That's why we have worked for 30 years to provide l... (more)

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800-646-0920

Robert H. Fortunate Lawyer

Robert H. Fortunate

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Elder Law, Social Security -- Disability, Estate, Wills & Probate, Car Accident

Robert H. Fortunate is a Magna Cum Laude graduate of Detroit College of Law (now Michigan State University College of Law). His undergraduate degree i... (more)

Jeffery D Maynard Lawyer

Jeffery D Maynard

Criminal, Divorce & Family Law, Bankruptcy & Debt, Estate, Lawsuit & Dispute

The attorneys of Maynard Law Associates, PLLC are skilled at walking our clients through each step of the complicated legal process. If you are co... (more)

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Mary  Blaney Lawyer

Mary Blaney

VERIFIED
Criminal, Family Law, Estate Planning, Business, DUI-DWI

Ms. Blaney is a Southfield Criminal lawyer who has been practicing law for over 20 years.

Jamie R. Ryke Lawyer

Jamie R. Ryke

VERIFIED
Estate, Estate Planning, Wills & Probate, Trusts
A Lawyer Who Treats You Like Family in Your Time of Need

Mr. Ryke is an Estate Lawyer proudly serving Southfield, Michigan and the neighboring communities.

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Lawyer.com can help you easily and quickly find Detroit Estate Lawyers and Detroit Estate Law Firms. Refine your search by specific Estate practice areas such as Estate Planning, Trusts, Wills & Probate and Power of Attorney matters.

LEGAL TERMS

BENEFICIARY

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

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)
A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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.

LIFE INSURANCE

A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays... (more...)
A contract in which an insurance company agrees to pay money to a designated beneficiary upon the death of the policy holder. In exchange, the policyholder pays a regularly scheduled fee, known as the insurance premiums. The purpose of life insurance is to provide financial support to those who survive the policyholder, such as family members or business partners. When the policyholder dies, the insurance proceeds pass to the beneficiaries free of probate, though they are counted for federal estate tax purposes. group life insurance Life insurance available through an employer or association that covers participating employees and members under one master insurance policy. Most group life insurance policies are term insurance policies, that terminate when the member or employee reaches a certain age or leaves the organization and do not accumulate any cash surrender value. term life insurance No-frills life insurance, with neither cash surrender value nor loan value (an amount that can be used as collateral for a loan). Term life insurance provides a pre-set amount of coverage if the policyholder dies during the period of time specified in the policy. Policyholders usually have the option to renew at the end of the term for the period of years specified in the policy. Unlike whole life insurance, premiums generally increase as the insured person gets older and the risk of death increases.universal life insurance A type of whole life insurance that offers some additional features and advantages. Like whole life insurance, universal life insurance accumulates cash value through investment of the premium payments. The unique feature of universal life insurance is that it has variable premiums, benefits and payment schedules, all of which are tied to market interest rates and the performance of the investment portfolio. Also, universal life plicies normally provide you with more consumer information. For example, you are told how much of your policy payments goes for insurance company overhead expenses, reserves and policy proceed payments, and how much is retained and invested for your savings. This information isn't usually provided with whole life policies.variable life insurance A type of whole life insurance in which the amount of death benefits varies, depending on the performance of investments. The insurance company places some or all of the fixed premium payments into an investment account; some companies let the insured person decide how the money is invested. The policyholder bears the risk of investment losses, though there is a guaranteed minimum benefit payment. One benefit of variable insurance is that interest and dividend income from the investment account is not taxed until it is paid out to the policyholder.variable universal life insurance A type of whole life insurance that provides greater potential for financial gain--and brings greater risks. Like universal life insurance, variable universal life insurance offers flexible premiums, payment schedules and benefits. But variable universal life policies are riskier because the premiums are invested in stocks, rather than more predictable money market accounts and bonds. Also called universal variable life insurance.whole life insurance Life insurance that provides coverage for the entire life of the policyholder, who pays the same fixed premium throughout his or her life. The policy builds up cash reserves that may be paid out to the policyholder when he or she surrenders or partially surrenders the policy or uses the cash reserves to fund low-interest loans. The annual increase in the cash value of the policy is not taxed. If the policyholder surrenders the policy, a portion of the payment is not taxable. Also called straight life insurance or ordinary life insurance.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

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.

GRANTOR

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

SAMPLE LEGAL CASES

In re Kostin Estate

In Docket No. 272767, respondent Camille A. Kent appeals as of right the probate court's judgment and order following a bench trial, interpreting a will and trust, determining heirs and devisees, and determining title to property after decedent Juanita Kostin's death in 2004. ...

In re Nestorovski Estate

723 Payne, Broder & Fossee (by Andrew J. Broder) and Underwood & March (by Lauren M. Underwood), Bingham Farms, for the petitioner. ... Kemp Klein Law Firm, PC (by Alan A. May and Debra Nance), Troy, for the respondent. ... Before: SAAD, CJ, and BORRELLO and ...

In re Rudell Estate

During her lifetime, the decedent owned a certain parcel of residential real property located at 1170 Chesterfield in Birmingham, Michigan (the property). In 1982, the decedent properly transferred ownership of the property to the trust. According to the complaint filed in this matter, the ...