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MI SB0192
Bill
AI Summary
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Establishes a tiered fee schedule for probate court administration based on estate value, ranging from $5.00 for estates under $1,000 to $31.25 per additional $100,000 for estates over $1,000,000.
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Allows deduction of mortgage and other indebtedness amounts from real property values when calculating probate fees until December 31, 2017.
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Requires probate courts to report to the state court administrative office by March 31 annually through 2018 on total asset values and fees collected.
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Changes fee distribution between counties and the state beginning January 1, 2018, shifting from 47.5% county/52.5% state to 40% county/60% state allocation.
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Fees are due upon estate closing or within one year of probate proceedings commencement, whichever is earlier, and must be paid before final accounting acceptance.
Legislative Description
Probate; wills and estates; estate administration fee; allow deduction for amount of mortgage on real property. Amends secs. 871 & 877 of 1961 PA 236 (MCL 600.871 & 600.877).
Probate, wills and estates
Last Action
Assigned Pa 0596'12
12/31/2012