Tag Archives: Probate
Duties of a Personal Representative in Michigan
When you are appointed personal representative or executor of an estate your task is to bring closure to the legal and financial affairs of the deceased. This may take several months and is known as the probate process. The first order of business is to be formerly recognized by the local courts. Next is to […]
Posted in Uncategorized
Also tagged Estate Planning
What is probate?
court supervised distribution of a deceased person’s assets
Posted in Estate Planning
Also tagged Estate Planning, Probate Court, Wills
Common Questions About Probate
What is probate? Before the terms of your will can be carried out the court must accept the document. Probate is the name for the acceptance process. What documents are needed for probate? The court needs a copy of the will and a death certificate. Once the process is underway, an inventory of all assets and debts […]
Posted in Beneficiary Designations, Estate Planning
Successor Trustee
SUCCESSOR TRUSTEE Many clients wonder who should be selected as their successor trustee, or if they have a will, the personal representative. The following assumes there is no person who is an appropriate choice and therefore they will be looking for a corporate trustee, typically a bank trust department. When looking for a corporate trustee, […]
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Also tagged Estate Planning
