Affidavit Of Heirship In Michigan
Description
How to fill out Michigan Heirship Affidavit - Descent?
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FAQ
MI Form PC 598, which may also referred to as Affidavit Of Decedent's Successor For Delivery Of Certain Assets Owned By Decedent, is a probate form in Michigan. It is used by executors, personal representatives, trustees, guardians & other related parties during the probate & estate settlement process.
A Michigan small estate affidavit is a document that allows a petitioner, known as an ?affiant,? to stake a claim on property from the estate of a deceased loved one, known as the ?decedent.? In Michigan, this process is available to estates that have a value of $15,000 ? as adjusted for cost of living (see below) ? or ...
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.
Whether an estate is small depends on the value of the property in it. The dollar limit can change each year. If a person dies in 2023, an estate must be valued at $27,000 or less to be small. If a person died in 2022, an estate must be valued at $25,000 or less.
In Michigan, real estate can be transferred via a TOD deed, also known as a beneficiary deed. This deed allows a property owner to designate a beneficiary who will automatically inherit the property upon the owner's death, avoiding probate.