Add Video To Legal Michigan Small Estates Forms For Free

There are several options, and some of them are free. Beneficiary designations, Transfer on Death (TOD) designations, and Pay on Death (POD) designations, typically all avoid probate, so long as there is no dispute over the designation and so long the beneficiary is not a minor and has capacity to receive the asset.

Real Estate Probate ? If a property is valued below $22,000, a spouse or any surviving heirs can petition a probate court to have the estate probated. For estates valued above $22,000 there is a formal supervised probate process which requires the appointment of a personal representative to distribute the estate.

Is Probate Required in Michigan? Probate is required in Michigan when the assets are solely owned. For example if someone passes away and they are the only owner on the property title of their home, then the home would need to pass through probate.

As part of the affidavit, the person filling out the paperwork, known as ?the affiant,? must provide certain information, including the deceased person's personal information, date of death, and a list of the deceased's property and debts. This document must be signed under oath, so honesty is paramount.

If a person did not have a will, assets are distributed ing to Michigan's laws of intestate succession. Non-probate assets are those that have a co-owner, a beneficiary, or a transfer on death (TOD) or payable on death (POD) designation.

Michigan law requires almost all estates to go through probate. However, there are a few exceptions. If an estate is worth less than $24,000 after funerary costs and contains no real estate, it can almost entirely bypass probate.