Memphis Estate Planning Lawyer, Michigan

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Includes: Gift Taxation

Paul J. Streetman Lawyer

Paul J. Streetman

VERIFIED
Criminal, Estate Planning, Tax, Family Law

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CONTACT

248-342-6653

Diane Hubel Delekta

Lawsuit & Dispute, Estate Planning, Estate, Divorce & Family Law
Status:  In Good Standing           Licensed:  42 Years

James V. Dubay

Real Estate, Federal Appellate Practice, Estate Planning, Limited Liability Companies
Status:  In Good Standing           Licensed:  52 Years

Michael R. Alberty

Real Estate, Gift Taxation
Status:  In Good Standing           Licensed:  35 Years

Jonathan H. Frank

Other, Estate Planning, Reinsurance, Insurance
Status:  In Good Standing           

Thomas E. Mcgovern

Education, Estate Planning, Criminal, Personal Injury
Status:  In Good Standing           Licensed:  42 Years

Steven Richard Schneider

Workers' Compensation, Family Law, Estate Planning, Business, Estate
Status:  In Good Standing           Licensed:  57 Years

Edward J Mijak

Wills & Probate, Estate Planning, Family Law, Corporate
Status:  In Good Standing           Licensed:  57 Years

Edward J. Mijak

Real Estate, Estate Planning, Estate, Family Law
Status:  In Good Standing           Licensed:  57 Years

Mary Louisa Ligon

Agriculture, Industry Specialties, Estate Planning, Estate
Status:  In Good Standing           Licensed:  19 Years

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Free Help: Use This Form or Call 800-943-8690

Member Representative

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Messages from all messaging and voice technologies including Email, Text, Phone, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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Easily find Memphis Estate Planning Lawyers and Memphis Estate Planning Law Firms. For more attorneys, search all Estate areas including Trusts, Wills & Probate and Power of Attorney attorneys.

LEGAL TERMS

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

FUNDING A TRUST

Transferring ownership of property to a trust.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)
The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)
In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

GRANTOR

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

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.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)
Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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, § 22.4.]. ... [Michigan Estate Planning Handbook (Carol J. Karr ed., ICLE 2d ed, 2006), ch 22, § 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 ...