Michigan Petition of Creditor of an Estate of a Decedent for Distribution of the Remaining Assets of the Estate

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Multi-State
Control #:
US-02438BG
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Description

The following form is a Petition that adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.

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  • Preview Petition of Creditor of an Estate of a Decedent for Distribution of the Remaining Assets of the Estate
  • Preview Petition of Creditor of an Estate of a Decedent for Distribution of the Remaining Assets of the Estate
  • Preview Petition of Creditor of an Estate of a Decedent for Distribution of the Remaining Assets of the Estate
  • Preview Petition of Creditor of an Estate of a Decedent for Distribution of the Remaining Assets of the Estate

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FAQ

Probate court is a specialized type of court that deals with the property and debts of a person who has died. The basic role of the probate court judge is to assure that the deceased person's creditors are paid, and that any remaining assets are distributed to the proper beneficiaries.

(a) Within 4 months after the date of the publication of notice to creditors. (b) If the personal representative first knows of an estate creditor less than 28 days before the expiration of the time limit in subdivision (a), within 28 days after the personal representative first knows of the creditor.

Common sources of information about asset existence include: The will. A list the decedent prepared in advance. The decedent's lawyer or tax accountant.

Probate is the court supervised process of identifying and gathering a person's assets after their death, paying all of their debts, and distributing the balance to the rightful heirs or beneficiaries.

A distribution is the delivery of cash or an asset to a given heir. After resolving debts and paying any taxes due, the executor should distribute the remaining estate to the heirs in ance with the instructions in the will (or as dictated by the court).

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Michigan Petition of Creditor of an Estate of a Decedent for Distribution of the Remaining Assets of the Estate