Do You Have A Home Or Property In Probate?
I have assisted clients in the sale of probate properties throughout the State of Michigan. I can offer a great deal of insight and provide a timely sale using the professional resources at my disposal. In general, family members and heirs are not sure if their situation requires probate approval.
In Michigan, probate real estate refers to property that is part of a deceased person's estate and is subject to the probate process. Probate is the legal process through which a deceased person's assets are distributed to beneficiaries and creditors. When someone dies without a will (intestate) or with a will that needs to be probated, their property, including real estate, goes through probate.
Here's a general overview of the probate process for real estate in Michigan:
Every probate situation is unique, and I have a network of legal professionals that are familiar with Michigan probate laws that can offer specific guidance.
Call me directly at 586.801.9500 to discuss further or schedule a call below.
In Michigan, probate real estate refers to property that is part of a deceased person's estate and is subject to the probate process. Probate is the legal process through which a deceased person's assets are distributed to beneficiaries and creditors. When someone dies without a will (intestate) or with a will that needs to be probated, their property, including real estate, goes through probate.
Here's a general overview of the probate process for real estate in Michigan:
- Opening Probate: The probate process begins with the filing of a petition in the probate court in the county where the deceased person lived. If the deceased had a will, the court will validate it. If not, the court will appoint an executor or personal representative to manage the estate.
- Identifying Assets: The executor or personal representative must identify and inventory all assets of the deceased, including real estate. This may involve obtaining appraisals of the property's value.
- Notifying Creditors and Beneficiaries: Creditors must be notified of the death so they can make claims against the estate for any debts owed. Beneficiaries named in the will (or heirs if there is no will) must also be notified.
- Managing the Property: During probate, the executor or personal representative is responsible for managing the real estate, including paying any mortgages, taxes, or other expenses associated with the property.
- Sale of Real Estate: In some cases, it may be necessary or advantageous to sell the real estate as part of the probate process. This could be to pay off debts of the estate or to distribute the proceeds among beneficiaries. The sale of real estate in probate typically requires court approval.
- Distribution of Assets: Once all debts and expenses have been paid, the remaining assets, including any proceeds from the sale of real estate, are distributed to the beneficiaries according to the terms of the will or Michigan intestacy laws if there is no will.
Every probate situation is unique, and I have a network of legal professionals that are familiar with Michigan probate laws that can offer specific guidance.
Call me directly at 586.801.9500 to discuss further or schedule a call below.
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