As you know from paying taxes each year, there are federal rules and there are state rules. Living and working in the United States means paying taxes to the state and also paying our federal taxes. Each of these taxes are calculated at different rates.
Well, there are also different rules when it comes to probate law according to the State of Michigan. That means that if you are a Michigan resident, you need to keep up-to-date about the various changes in the legislature when it comes to probate law. That’s why it’s best to have a law firm that specializes in probate law on your side. At Thav Ryke & Associates we will be certain to know when there are changes in the local Michigan laws concerning estates, wills, inheritance and general probate law. It can be extremely tough to navigate the complexities of these laws on your own.
If you are currently in a situation where you’ll be dealing with the Michigan state court system in relation to a probate or estate-related matter, or if you think that you will be in this kind of situation in the near future, it is important that you hire an attorney that knows the ins and outs of Michigan probate law.
Probate law has to do with the handling of an estate when someone, such as a family member or other loved one, passes away. These are the laws that make sure that the creditors are paid properly and that assets are distributed to the “heirs,” or the descendant. When you find yourself in a situation where you’ll be dealing with probate law, it’s a good idea to already have in mind what you are going to need to do.
Probate is a legal process that begins with a “petition” (a request) to open the estate and name a personal representative. In order to act on behalf of the decedent and transfer assets pursuant to a will, a personal representative appointed. The personal representative will then be given letters of authority to act on the decedent’s behalf. The court will determine whether the estate will be unsupervised or supervised. The court may supervise an estate in order to make sure assets are being properly transferred.