Cost of Living Adjustments - Michigan Probate and Trusts One of the most common questions we get asked at The Probate Pro is how to distribute a probate estate. Unfortunately, it is not an easy answer as probate and trust administration can be quite confusing and complicated. A Cost of Living Adjustment or COLA (not the [...]
You have just been appointed as a fiduciary on behalf of a person and/or estate. Should you accept the appointment of fiduciary, you will need to let the probate court know. The proper way to inform the probate court is by filing the Acceptance of Appointment form. By filling out this form, you will be [...]
A change is being made to the fiduciary and you have just been informed of this. Most forms we cover go over how you fill them out. In the case of this form however, this is something you receive from the probate court. If you by chance receive the Order Appointing Special Fiduciary and Suspension [...]
A notice of deficiency was handed out some time back, informing the fiduciary that he or she was not able to fulfill their responsibilities. Because of this, they were suspended or removed as the fiduciary. Let’s say however that the fiduciary were to be reinstated. Can this be done? Our probate court system allows fiduciaries [...]
If you're serving as the conservator, personal representative, guardian or trustee and you're at risk of doing something wrong - whether it's theft, misappropriation or just breaching your duties in that fiduciary role - the court wants to make sure that there's a guarantee. A guarantee of that performance, so how do you do this? [...]
When acting as a fiduciary, the court will need proof. Thus, a Fiduciary Proof of Identity form was created. The Fiduciary Proof of Identity form is something that requires basic information that one should have readily available to them. With this form filled out, you have the proof that you serve in a capacity for [...]
Sometimes a piece of paper can represent bad news. Perhaps it’s a pink slip, a note telling a child’s parents that he or she has detention, or in the case of a fiduciary, you receive what’s known as the Notice of Deficiency form. When getting the Notice of Deficiency, it’s never a good thing because [...]
A lawsuit is going to be filed on behalf of a minor or incompetent individual, or against a minor or incompetent individual. What do you do? In the State of Michigan, there are specific rules designed around what happens if the plaintiff in an action needs protection in the form of a fiduciary, whether it’s [...]
