Suing An Estate Executor For Dummies In Michigan
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Executor Fees in Michigan For example, if in the last year, executor fees were typically 1.5%, then 1.5% would be considered reasonable and 3% may be unreasonable. But the court can take into account other factors such as how complicated the estate is to administer and may increase or decrease the amount from there.
The executor can sell property without getting all of the beneficiaries to approve. However, notice will be sent to all the beneficiaries so that they know of the sale but they don't have to approve of the sale.
(g) That, if the estate is not settled within 1 year after the personal representative's appointment, within 28 days after the anniversary of the appointment, the personal representative must file with the court and send to each interested person a notice that the estate remains under administration and must specify ...
The amount of time that you have to file a civil lawsuit in Michigan depends on your case. For civil cases, the statute of limitations ranges from three to 10 years. A Michigan civil litigation lawyer can review your case and explain if you are still eligible to file a claim.
If the executor acts dishonestly or carelessly in managing and distributing the estate's property and you stand to inherit under the will, you may be able to bring legal action to have them removed.
Understanding the Deceased Estate 3-Year Rule The core premise of the 3-year rule is that if the deceased's estate is not claimed or administered within three years of their death, the state or governing body may step in and take control of the distribution and management of the assets.
