In Michigan, if a decedent passes away with an estate that qualifies as a “Small Estate”, there is a simplified procedure to distribute assets to the next generation. To qualify for a Small Estate in probate court, the gross estate must be under certain monetary thresholds. This valuation is the total sum of all the decedent’s assets after the payment of funeral and burial expenses. The Small Estate amount is adjusted for inflation and changes over time. In order to plan for your future accurately, make sure to contact your attorney about Small Estates threshold values and how to plan for probate court.
If you have any questions about Small Estate threshold values or anything else, call us at 248-457-9860.
Small Estate Qualification (MCL 700.3982, .3983)
|Year of Death||Small Estate Qualification Value|
Have any questions or comments? Talk with attorney David B. Wakefield at email@example.com or (248) 457-9860.
*This article is meant for informational purposes only. Please recognize that nothing in this article constitutes legal advice. If you have any questions, comments, or seek legal assistance, please call one of the attorneys at Wakefield Law, P.C.