When a family member dies with a simple Will, or with out any advanced plan, the attorneys and staff at Smith and Mabley, PLC, can help the family understand and comply with the numerous requirements of the Michigan probate law.
An individual does not have to die for a probate procedure to be needed. Illness or aging which causes incapacity can result in the need for someone to help oversee and manage hard-earned assets. At Smith and Mabley, we help our clients navigate through the numerous requirements of Michigan probate law and court rules in establishing and administering guardianships and conservator ships. We also have the knowledge and experience to assist families from other states to probate the estate of a family member in Michigan probate courts.
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At Smith & Mabley in Farmington Hills, Michigan, we understand the emotional issues involved in the administration of an estate and any subsequent probate matters. We strive to find resolution, but do not shy away from aggressive litigation if it is in our client's best interests.
Contact an estate planning lawyer at Smith & Mabley today to learn more about probate and estate administration. You can send us an e-mail or call us at 866-975-9915. Too much is at stake when a family is in chaos over a mismanaged estate or a snubbed family member causing dissension. We can help you find legal resolution and emotional closure.
The Probate Process
Probate is the court process used to determine the validity of a will and oversee the payment of creditors and distribution of estate assets. Even if there is no valid will at the time of death, the estate will still go through the probate procedure. Since probate is regulated by state laws, there are specific procedures proscribed by each state for carrying out the process.
If you are the executor of an estate, contact an experienced probate attorney at Smith & Mabley in Farmington Hills, Michigan to help you identify and carry out your estate administration duties.
Probating the Estate
Despite the variation in state laws, probating the estate generally includes the following functions:
- Petitioning the court to probate the will
- Sending notice to creditors, beneficiaries and any other interested parties
- Collecting, inventorying and appraising all estate assets
- Collecting any payments, debts and income due to the estate
- Paying any debts owed, and filing and paying local, state and federal taxes
- Distributing any remaining assets to beneficiaries in accordance with the terms of the will
Small Estates
Most states have a fast-track or simplified probate process for smaller estates that meet certain qualifications. Normally, this process doesn't require probating the estate before the probate court, but before an administrator, which can cut down on the time and cost of probate.
Disadvantages of Probate
Time and expense: Probating an estate can be time-consuming, taking anywhere from 6 months to 2 years to complete. Contests to the validity of the will can increase the duration of the process. Probate also can be expensive, with any probate costs and fees coming out of the estate's funds.
Lack of privacy: Probate matters are part of the public record, meaning anyone can find out the size, contents, and beneficiaries of the estate. This lack of privacy can cause tension between family members.
Intestacy
If someone dies without a will or the probate court determines the will of the decedent is invalid, that person is said to have died intestate. Each state has a set of default inheritance rules that apply in the absence of a will or other estate plan. These rules generally distribute property to the surviving spouse and children first, and then parents and other close family members. The only way to prevent the default rules from determining the distribution of assets is to have a valid will or trust in place before death.
An experienced estate administration attorney can help simplify the probate process for you. Contact Smith & Mabley in Farmington Hills, Michigan for more information today.
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