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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
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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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Matthew A. Romashko

Agriculture, Industry Specialties, Estate Planning, Estate

Status: In Good Standing

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125 Charlotte St, Edmore, MI 48829

Lori J. Shearer

Traffic, Estate Planning, Family Law, Criminal

Status: In Good Standing Licensed: 24 Years

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300 N. State Street, Stanton, MI 48888

Trent Charles Hilding

Real Estate, Agriculture, Estate Planning, Divorce & Family Law, Business

Status: In Good Standing Licensed: 19 Years

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4070 N Crystal Rd, Vestaburg, MI 48891

Tammi Shaw

Estate Planning, Children's Rights

Status: In Good Standing Licensed: 16 Years

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621 N State St, Stanton, MI 48888

Jourdan James Devere Rasmussen

Agriculture, Estate Planning, Native People, Administrative Law

Status: In Good Standing Licensed: 9 Years

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414 E Main St, Edmore, MI 48829

James M. Mullendore

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

Status: In Good Standing Licensed: 49 Years

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132 S Lafayette St, Greenville, MI 48838

George R. Frye

Estate Planning, Family Law, Elder Law, Animal Bite

Status: In Good Standing Licensed: 55 Years

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124 S Lafayette St, Greenville, MI 48838

Richard D. Palmer

Estate Planning, Estate

Status: In Good Standing Licensed: 48 Years

CONTACT

111 S Lafayette St, Greenville, MI 48838

Gerald J. Supina

Estate Planning, Estate

Status: Inactive Licensed: 54 Years

CONTACT

1046 Pueblo Pass, Weidman, MI 48893

Elizabeth A. Cameron

Health Care Other, Health Care, Estate Planning, Estate

Status: In Good Standing Licensed: 32 Years

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5375 Willow Bnd, Alma, MI 48801

800-923-0641

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LEGAL TERMS

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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 ...

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Mcbrides Estate Lawyer, Michigan

Sponsored Law Firm

Dulaney Gibson Law and Advocacy

SPONSORED LAWYERS

Matthew A. Romashko

Lori J. Shearer

Trent Charles Hilding

Tammi Shaw

Jourdan James Devere Rasmussen

James M. Mullendore

George R. Frye

Richard D. Palmer

Gerald J. Supina

Elizabeth A. Cameron

TIPS

LEGAL TERMS

ACCUMULATION TRUST

PREDECEASED SPOUSE

AB TRUST

GROSS ESTATE

IRREVOCABLE TRUST

TRUSTEE

INTESTATE

SPECIFIC BEQUEST

TRUST CORPUS

SAMPLE LEGAL CASES

In re Kostin Estate

In re Nestorovski Estate

In re Rudell Estate

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