Kalamazoo, MI asked in Probate for Michigan

Q: Can a personal representative in Michigan transfer property to himself?

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1 Lawyer Answer
Michael Zamzow
Michael Zamzow
PREMIUM
Answered
  • Grand Rapids, MI
  • Licensed in Michigan

A: Generally, a personal representative in Michigan, has a fiduciary duty to the beneficiaries. The personal representative must assess the fair market value of assets, distribute the assets and pay debts of the estate, and then file taxes. And the personal representatives might be mismanaging the estate through failure to timely settle debts, self-dealing or failure to assess and receive fair market value for estate assets. And the beneficiaries might be able to petition the court to have the personal representative removed and go after the personal representative's personal assets to cover any losses to the estate's value.

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