Michigan Compiled Laws 386-1998-iii-9 Part 9 Special Provisions Relating To Distribution (700.3901...700.3924)

• Section 700.3901 Successors' Rights In Absence Of Administration.
  In the absence of administration, the decedent's heirs and devisees are entitled to the estate in accordance with the terms of a probated will...
• Section 700.3902 Distribution; Order In Which Assets Appropriated; Abatement.
  (1) Subject to subsections (2) and (3) and except as provided in section 2301(3) or 2302(1)(b)(iv), distributees' shares abate, without a preference or priority...
• Section 700.3903 Indebtedness; Set-off.
  The amount of a successor's noncontingent indebtedness to the estate if due, or its present value if not due, shall be offset against the...
• Section 700.3904 Interest On General Pecuniary Devise.
  Unless a contrary intent is indicated by the will, a general pecuniary devise bears interest at the legal rate beginning 1 year after the...
• Section 700.3905 Penalty Clause For Contest.
  In accordance with section 2518, a provision in a will purporting to penalize an interested person for contesting the will or instituting another proceeding...
• Section 700.3906 Distribution In Kind; Valuation; Method.
  (1) Unless the will indicates a contrary intention, the distributable property of a decedent's estate shall be distributed in kind to the extent possible...
• Section 700.3907 Pecuniary Bequests And Trust Interests.
  (1) This section governs a distribution in kind in satisfaction, wholly or partly, of a pecuniary bequest or transfer in trust of a pecuniary...
• Section 700.3908 Proposed Distribution.
  After the probable charges against the estate are known, the personal representative may mail or deliver a proposal for distribution to all persons who...
• Section 700.3909 Distribution In Kind; Evidence.
  If distribution in kind is made, the personal representative shall execute an instrument or deed of distribution assigning, transferring, or releasing the property to...
• Section 700.3910 Distribution; Right Or Title Of Distributee.
  Proof that a distributee has received an instrument or deed of distribution of property in kind, or payment in distribution, from a personal representative...
• Section 700.3911 Improper Distribution; Liability Of Distributee.
  Unless the distribution or payment no longer can be questioned because of adjudication, estoppel, or limitation, a distributee of property that is improperly distributed...
• Section 700.3912 Purchasers From Distributees Protected.
  (1) If property distributed in kind or a security interest in that property is acquired for value by a purchaser from or lender to...
• Section 700.3913 Partition For Purpose Of Distribution.
  If 2 or more heirs or devisees are entitled to distribution of an undivided interest in estate property, the personal representative or 1 or...
• Section 700.3914 Agreements Among Successors To Decedent Binding On Personal Representative.
  (1) Subject to the rights of creditors and taxing authorities, competent successors may agree among themselves to alter the interests, shares, or amounts to...
• Section 700.3915 Distribution To Trustee.
  (1) Before distributing to a trustee, the personal representative may require that the trust be registered if the state in which it is to...
• Section 700.3916 Disposition Of Unclaimed Assets.
  (1) In exchange for suitable receipts and following a court order if the administration is supervised, a fiduciary making final distribution shall deposit with...
• Section 700.3917 Duties Of County Treasurer.
  (1) The county treasurer shall receive and safely keep money deposited under authority of this act in a separate fund and keep a separate...
• Section 700.3918 Distribution To Person Under Disability.
  (1) A personal representative may discharge the personal representative's obligation to distribute to an individual under legal disability by distributing in a manner expressly...
• Section 700.3919 Final Distribution To Domiciliary Representative.
  (1) If there is a personal representative of the decedent's domicile willing to receive it, a nonresident decedent's estate being administered by a personal...
• Section 700.3920 Apportionment Of Death Taxes.
  (1) An estate, inheritance, or other death tax levied or assessed under the laws of this or another state, political subdivision, or country or...
• Section 700.3921 Tax On Separate Interests; Governing Instrument Provisions.
  (1) Unless specific directions to that effect are contained in the governing instrument under which the fiduciary is acting, section 3920 shall not be...
• Section 700.3922 Credit For Foreign Tax Paid; Payment And Recovery Of Tax; Delayed Distribution; Court Determination Of Apportionment.
  (1) Unless the governing instrument provides otherwise, if a credit is given under the United States estate tax laws for a tax paid to...
• Section 700.3923 Allocation Of Penalty And Interest.
  (1) If the probate court finds that it is inequitable to apportion taxes, credits, interest, and penalties in the manner provided in sections 3920...
• Section 700.3924 Survival And Wrongful Death Actions; Court Approval Of Settlement And Distribution.
  (1) For the purpose of settling a claim as to which an action is not pending in another court for damages for wrongful death...

Last modified: October 10, 2016