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MI HB6501
Bill
Status
11/27/2018
Primary Sponsor
Klint Kesto
Click for details
AI Summary
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Increases the maximum vehicle value threshold for simplified inheritance procedures from $60,000 to $100,000 for estates where the deceased owner has no other property requiring formal probate letters.
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Allows a surviving spouse or heir to apply directly to the Secretary of State for a vehicle title after the owner's death by providing proof of death and certification of heirship, without needing full estate proceedings.
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Requires the Department of Treasury to annually publish a cost-of-living adjustment factor based on the U.S. Consumer Price Index to adjust the $100,000 threshold each calendar year, using 2017 as the baseline year.
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Maintains existing provisions that a deceased owner's license plate registration remains valid until the end of the registration year or until the personal representative transfers ownership.
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Takes effect 90 days after enactment.
Legislative Description
Vehicles; title; transfer of ownership of vehicle to surviving spouse or heir after owner's death; modify maximum value and adjust for cost of living. Amends sec. 236 of 1949 PA 300 (MCL 257.236).
State agencies (existing): treasury
Last Action
Bill Electronically Reproduced 11/27/2018
11/28/2018