Probating an estate can be complicated and wrought with traps for the unwary. Especially in large estates there can be many types of assets, documentation, and pertinent legal rules that must be followed. Whether you are named as an executor or personal representative by the deceased in a Last Will and Testament, a beneficiary of the estate, or another loved one of the deceased, you may need the help of an experienced attorney.
Our skilled estate and probate administration law practice is well respected in the tri-county Detroit area including Oakland, Wayne, and Macomb Counties. However, Barron, Rosenberg, Mayoras & Mayoras has a top-notch reputation recognized nationally, and our firm has helped many out-of-state clients handle trusts and estates in Michigan. We have the knowledge and experience to know the fine details of this complex area of law, but we also care about the people who walk through our doors and trust us to manage their affairs. We pride ourselves on being compassionate attorneys who treat each client like family.
Key to Success — Our Respected, Experienced Estate and Probate Administration Attorneys
BRMM has 40 years of experience and concentrates in trusts, estates, elder law, and litigation. Our firm offers unmatched comprehensive legal services within these areas. If you have to find out how a estate should be administered or probated after someone close to you passes away, our respected firm is here to help you get through all the steps.
Inventorying Estate Assets
The first step in administering an estate after a loved one dies is locating, safeguarding, and accurately inventorying assets belonging or related to the estate. Some of the assets that are commonly part of an inventory include:
- Real estate, including residential homes, vacation homes, and commercial properties
- Personal property or household contents
- Securities — for example, stocks and bonds including interests and dividends
- Bank accounts
- Life insurance policies
- IRAs, profit-sharing, or deferred compensation plans
The Michigan Probate Process
Probate is the legal process through which part of a deceased individual’s estate is administered. Probate involves filing a formal inventory with the court, paying an inventory fee, getting appraisals for assets, filing reports with the court, paying taxes and debts, and distributing the estate according to the will or, if intestate, according to default state laws.
Good record-keeping and asset management will help the process go more smoothly and minimize conflicts. If any will contests arise based on grounds such as incapacity, fraud, duress, or undue influence, beneficiaries can object to an executor’s actions and involve the probate court to resolve problems.
Not all property must pass through the probate process; in particular, property committed to a trust is the property of the trust and may be distributed according to the terms of the trust. Because probate is public and court-supervised, parties must satisfy more requirements and formalities than when administering a trust; hence the advantage of establishing a trust during your lifetime through estate planning.
Other Requirements for Michigan Probate Administration
Other steps in probate administration include obtaining a federal tax ID number for the estate, properly notifying heirs and beneficiaries, preparing an accounting of all assets and asset transactions, and preparing income tax forms. Our probate attorneys will explain all of these requirements and take the time to analyze the nature of the estate.
Probate Attorney Support for Personal Representatives, Trustees and Beneficiaries
If you’ve been named an executor or personal representative — or are a friend or family member of someone who has recently passed away — it can be challenging to deal with probate while mourning the passing of a loved one. Leave the work to us, and relieve yourself of some of the burden in this difficult time. You will be able to count on knowing that our experienced attorneys will carry out your loved one’s wishes and make sure everything is done right.
If you need assistance with estate or trust administration, contact BRMM’s Oakland County probate attorneys today for a free consultation at 248-641-7070.