This Sworn Statement to Close Unsupervised Administration is an official document from the Michigan State Court Administration Office, and it complies with all applicable state and Federal codes and statutes. USLF updates all state and Federal forms as is required by state and Federal statutes and law.
Michigan Sworn Statement to Close Unsupervised Administration
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Description Sworn Statement Toclose Unsupervised Estate In Michigan
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Michigan Sworn Statement FAQ
An unsupervised estate, which is the vast majority of the estates opened in the Lombard area, is a proceeding whereby the representative could perform acts in the best interests of the estate without court approval. The classic example is selling real property.
Formal Probate Most Michigan probate cases can be wrapped up within seven months to a year after the personal representative is appointed. After notice of the probate is given, creditors have four months to file a claim.
Notify all creditors. File tax returns and pay final taxes. File the final accounting with the probate court. Distribute remaining assets to beneficiaries. File a closing statement with the court.
The estate must be open for at least five months. Required notice to creditors must be published at least four months before closing. The inventory fee must be paid. Any estate/inheritance taxes must be paid (proof of payment required)
1) Petition the court to be the estate representative. 2) Notify heirs and creditors. 3) Change legal ownership of assets. 4) Pay Funeral Expenses, Taxes, Debts and Transfer assets to heirs.
To close the estate you must file a specific document with the court that says you finished administering the estate and did what you were required to do as the personal representative. You may also need to get receipts from the estate beneficiaries and make a final accounting.