Serving Southeast Michigan For Over 30 Years.

Personal Representative and Trustee Responsibilities

Legal Guidance for Michigan Personal Representatives

Estate administration can be a complex and lengthy legal process. The personal representative of an estate takes on a serious role with numerous responsibilities to the estate and its beneficiaries. Even a relatively small estate requires careful attention.

Under the Michigan Estates and Protected Individuals Code (EPIC), responsibilities of personal representatives include, among others, admitting the will to probate, preparing an inventory of decedent's assets, paying creditors of the estate, and distributing assets to beneficiaries

If you were nominated as personal representative in a will, it is wise to seek the counsel of an experienced estate planning attorney. O'Reilly Rancilio can answer your questions and provide the guidance you need.

Legal Guidance for Michigan Trustees

Enacted in 2010, the Michigan Trust Code sets forth certain requirements for trustees, including extensive accounting requirements. Trustees also have the responsibility of preparing an inventory of trust property, paying creditors of the trust, and managing any real property or other assets that are owned by the trust.

A trustee is a fiduciary, meaning that he or she has the responsibility to act in the best interests of the trust. Fulfilling all trustee duties can be a daunting task. Without proper guidance, it is very easy to unintentionally overlook something. Any oversight or mistake in trust management by a trustee can result in litigation that could quickly deplete trust assets.

With more than 30 years of experience guiding Southeast Michigan clients through the legal process, the Macomb County estate planning attorneys of O'Reilly Rancilio are prepared to represent personal representatives and trustees no matter the complexity of the estate.

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Mar
16
The municipal law attorneys at O'Reilly Rancilio have developed a team to respond to questions that local government officials may have during the COVID-19 crisis. Read More
Feb
21
Michigan Lawyers Weekly has named O’Reilly Rancilio attorney Marc Kaszubski to its Leaders in the Law Class of 2020. Kaszubski is one of only 30 honorees selected… Read More
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Apr
1
As every business has been affected by the Covid-19 crisis, you should seriously consider a loan through the federal government’s Paycheck Protection Program, whic… Read More
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31
On March 27, the federal government passed the Coronavirus Aid, Relief, and Economic Security “CARES” Act which is meant to, among many other things, sup… Read More
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