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- If the estate’s value is under the “small estates” limit in Michigan, you can use a simplified probate procedure, called a “summary probate.” You don’t need a court hearing in front of a judge — you only need to file simple forms and wait a certain amount of time before distributing the assets.
www.derrickgeorge.com/blog/estate-planning/how-to-handle-a-small-estate-in-michigan/
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If the person died on or after January 1, 2024, you can deduct up to $250,000 in liens and mortgages from the value of real property to calculate whether or not the estate is small. The Do-It-Yourself Settling a Small Estate tool will help you make this calculation.
Oct 25, 2024 · Petition for Assignment: The Small Estate Proceeding in Michigan. You can complete a form called a Petition for Assignment to ask the probate court to order that property be turned over to you without going through probate if:
Dec 17, 2023 · In this blog post, we will explore the concept of the Petition for Assignment, including its relevance under MCL 700.3982, and provide insights into the form required for this purpose.
Apr 5, 2024 · To settle the estate via summary administration, submit an Application for Informal Probate (PC-558) to the court, and include: Estate Inventory Form (PC 577) Registrar's Statement Form (PC 568) Acceptance of Appointment Form (PC 571)
Michigan law (MCL 700.3982) allows small estates to be probated using an expedited process that does not require a personal representative to be appointed. To qualify as a small estate, the total value of the estate, minus funeral and burial expenses, must be $22,000 or less.
If a person has a small estate, then a shortened process, called assignment of property, can be used instead of the probate administration process. Read this article to learn about how to use the assignment of property process.
Aug 12, 2024 · Michigan has specific rules regarding informal probate for small estates (under $15,000), simplified procedures for transferring certain assets without full probate, and guidelines for out-of-state executors handling Michigan estates.
