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If you are currently in a situation where
you’ll be dealing with the Michigan
state court system in relation to a probate
or estate related matter, or if you think
that you will be in this kind of situation
in the near future, it is important that you
hire an attorney that knows the ins and outs
of Michigan probate law
Probate law has to do with the handling of
an estate when someone, such as a family member
or other loved one, passes away. These are
the laws that make sure that the creditors
are paid properly and that assets are distributed
to the “heirs,” or the descendant.
When you find yourself in a situation where
you’ll be dealing with probate law,
it’s a good idea to already have in
mind what you are going to need to do.
What exactly is Probate? Probate is a legal
process that begins with a “petition”
(a request) to open the estate and name a
personal representative who is responsible
for the administration of the deceased’s
property. The next step is when an official
Notice of Creditors is printed in a local
newspaper and Notice of Administration is
sent to other involved parties. Creditors
then have a set amount of time to file their
claims from the first date of publication.
Then the personal representative can pay the
debt and distribute the remaining estate.
Finally, a petition for discharge is filed,
and the estate is closed.
While on one hand, this may sound simple,
probate law and the handling of estates is
in fact a complex system, which presents you
with multiple requirements and tasks to be
preformed by the personal representative,
an experienced attorney and a tax consultant.
For example, an estate including only a single
house and single bank account that has been
left to a single beneficiary will probably
be a far easier and quicker process to deal
with than an estate containing multiple houses
that are located in various states, and that
are left to multiple beneficiaries. This becomes
especially difficult if an estate includes
leaving assets to a minor.
All About Wills
What If Someone Contests a Will?
What Warrants a Valid Will Contest?
What Are the Legal Requirements for a Will?
What is Probate?
Is Probate Necessary?
Can Probate be Handled Without Using the Services of an Experienced Probate Lawyer?
Who is Responsible for Handling the Probate Process?
What Does the Personal Representative Do?
Does the Personal Representative Get Paid?
What If a Personal Representative Does Not Perform Their Duties Properly? |
