The probate estate is open and you are a creditor or personal representative who has to deal with the creditor. In Michigan, as part of the probate administration process, a notice to creditors is sent out, and the creditors have a claim period which lasts four months. Creditors are individuals or entities that the estate [...]
It is very difficult to live an entirely debt-free life. Purchasing big-ticket items is a way of life (think homes, cars, and luxurious vacations) not to mention the things we need to pay for every month, like utilities, insurance, taxes, and medical bills. We do our best to pay off all of our debts, but [...]
After opening a probate estate, a Personal Representative has a duty to provide legal notice to any creditors of the decedent. Creditors of the estate may include unsecured debt and secured debt. Often in Wrongful Death actions, wrongful death creditors (including those attempting to perfect court ordered case evaluation sanctions as a wrongful death creditor), will [...]
After opening a probate estate, a Personal Representative has a duty to provide legal notice to any creditors of the decedent. A Creditor is a person or entity to which the decedent owes a debt. Creditors of the estate may include unsecured debt (examples include utilities, credit cards, medical bills, personal loans) and secured debt (examples include mortgages and automobile loans). [...]
So, you want to be a personal representative (PR) of a probate estate? Take a deep breath and then carefully read this explanation of the PR duties in Michigan. PR Duties: Overview A personal representative of an Estate has a duty of undivided loyalty, impartiality, care and prudence to the heirs and to creditors. The failure to properly administer the [...]
When starting out as a new attorney, I had the same assumption as many—that probate court was just a bunch of forms. After having a few files of my own, I definitely learned otherwise. Here are some probate pointers for probating an estate: Handling Money. Handling conservatorships, trusts, and decedent’s estates in probate court means handling [...]
