Novi Trusts Lawyer, Michigan

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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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Robert Albert Golob

Military, Medicare & Medicaid, Trusts, Contract

Status: In Good Standing Licensed: 13 Years

CONTACT

28175 Haggerty Rd, Novi, MI 48377

Karen L. Stewart

Trusts, Estate Planning, Estate, Guardianships & Conservatorships

Status: In Good Standing Licensed: 33 Years

CONTACT

28175 Haggerty Rd, Novi, MI 48377

Robert J. Kull

Trusts, Elder Law, Contract, Credit & Debt, Estate

Status: In Good Standing Licensed: 28 Years

CONTACT

37000 Grand River Ave, Farmington, MI 48335

Thomas J. Borkowski

International Tax, Trusts, Elder Law, Contract, Tax

Status: In Good Standing Licensed: 28 Years

CONTACT

37887 W 12 Mile Rd, Farmington, MI 48331

James L. Carey

Veterans' Affairs, Landlord-Tenant, Trusts, Contract

Status: In Good Standing Licensed: 20 Years

CONTACT

23781 Point O Woods Ct, South Lyon, MI 48178

Michael W. Muma

Wills, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 45 Years

CONTACT

134 N Main St, Plymouth, MI 48170

Rebecca A Coyle

Trusts, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: In Good Standing Licensed: 15 Years

CONTACT

32305 Grand River Ave, Farmington, MI 48336

Aaron R Shahan

Trusts, Family Law, Elder Law, Bankruptcy

Status: In Good Standing Licensed: 14 Years

CONTACT

598 N Mill St, Plymouth, MI 48170

Marjorie L. Kolin

Litigation, Trusts, Family Law, Contract

Status: In Good Standing Licensed: 38 Years

CONTACT

31555 W 14 Mile Rd, Farmington, MI 48334

John S. Jameson

Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 35 Years

CONTACT

342 S Harvey St, Plymouth, MI 48170

800-923-0641

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LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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.'

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

CURATOR

See conservator.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

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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Novi Trusts Lawyer, Michigan

Sponsored Law Firm

Dulaney Gibson Law and Advocacy

SPONSORED LAWYERS

Robert Albert Golob

Karen L. Stewart

Robert J. Kull

Thomas J. Borkowski

James L. Carey

Michael W. Muma

Rebecca A Coyle

Aaron R Shahan

Marjorie L. Kolin

John S. Jameson

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

AUGMENTED ESTATE

NONPROBATE

BEQUEATH

SPENDTHRIFT TRUST

CURATOR

POWER OF APPOINTMENT

SWEARING MATCH

LETTERS TESTAMENTARY

SAMPLE LEGAL CASES

In re Kostin Estate

In re Temple Marital Trust

In re Mary E. Griffin Revocable Grantor Trust

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