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Ing to Michigan law, this simplified procedure is available if the value of the estate is less than $15,000 after all funeral and burial costs are paid. Probate can be skipped altogether in cases where the estate is valued as lower than $15,000 and contains no real estate.
MI Form PC 561, which may also referred to as Waiver/consent, is a probate form in Michigan. It is used by executors, personal representatives, trustees, guardians & other related parties during the probate & estate settlement process.
Fill out the following forms: PC559, Petition for Probate and/or Appointment of Personal Representative (Testate/Intestate) ... PC 617, Declaration of Intent to Give Notice by Publication. ... MC 505, Contact Information. ... MC 97, Protected Personal Identifying Information. PC565, Testimony, Interested Persons.
If the estate's value is under the ?small estates? limit in Michigan, you can use a simplified probate procedure, called a ?summary probate.? You don't need a court hearing in front of a judge ? you only need to file simple forms and wait a certain amount of time before distributing the assets.
Michigan Probate Process & Rules Appointing the Personal Representative. This person is responsible for gathering the decedent's assets, paying the debts and taxes, and distributing the inheritance. ... Assembling the assets. ... Paying the bills. ... Distributing the remaining assets.