Overview of methods to distribute a deceased person's assets.
Probate is required when a deceased person owns assets are titled solely in his or her name at the time of death. Click the link below to learn more about the probate process.
Trust administation is required when a deceased person's assets are owned by his or her trust upon death. In that case, the Michigan Trust Code prescribes certain steps that must be taken by a trustee to administer the trust assets. Click the link below for more information.
An asset is "Registered in Beneficiary Form" when it includes a pre-designated beneficary who may acquire the asset upon the death of the owner without probate or trust administration. Select the link below to learn how such assets are registered and distributed.
Small estate procedures may be used in limited circumstances prescribed by law. Click the link to learn how and when these procedures may be used to distribute property owned by a deceased person.
Let us know if you have questions.
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Disclaimer: The content of this website is a summary of highly complex legal topics. It is not intended to be used as a substitute for the advice of a qualified attorney. Estate Planning Law Group disclaims any liability to the reader unless an attorney-client relationship is established in writing.
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