Section 700.3924 – Survival and Wrongful Death Actions; Court Approval of Settlement and Distribution.
700.3924 Survival and wrongful death actions; court approval of settlement and distribution. Sec. 3924. (1) For the purpose of settling a claim as to which an action is not pending in another court for damages for wrongful death or for a claim existing under this state’s laws relating to the survival of actions, if a […]
Section 700.3919 – Final Distribution to Domiciliary Representative.
700.3919 Final distribution to domiciliary representative. Sec. 3919. (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 representative appointed in this state shall be distributed to the domiciliary personal representative for the benefit of the decedent’s successors unless any of […]
Section 700.3920 – Apportionment of Death Taxes.
700.3920 Apportionment of death taxes. Sec. 3920. (1) An estate, inheritance, or other death tax levied or assessed under the laws of this or another state, political subdivision, or country or under a United States revenue act concerning property included in the gross estate under the law, but excluding taxes for which sources of payment […]
Section 700.3921 – Tax on Separate Interests; Governing Instrument Provisions.
700.3921 Tax on separate interests; governing instrument provisions. Sec. 3921. (1) Unless specific directions to that effect are contained in the governing instrument under which the fiduciary is acting, section 3920 shall not be construed to require the personal representative or other concerned fiduciary to pay an estate, inheritance, or other death tax levied or […]
Section 700.3922 – Credit for Foreign Tax Paid; Payment and Recovery of Tax; Delayed Distribution; Court Determination of Apportionment.
700.3922 Credit for foreign tax paid; payment and recovery of tax; delayed distribution; court determination of apportionment. Sec. 3922. (1) Unless the governing instrument provides otherwise, if a credit is given under the United States estate tax laws for a tax paid to another country or a political subdivision, the credit shall be apportioned under […]
Section 700.3923 – Allocation of Penalty and Interest.
700.3923 Allocation of penalty and interest. Sec. 3923. (1) If the probate court finds that it is inequitable to apportion taxes, credits, interest, and penalties in the manner provided in sections 3920 to 3922 because of special circumstances, the court may direct apportionment in the manner it finds equitable. (2) If the probate court finds […]
Section 700.3909 – Distribution in Kind; Evidence.
700.3909 Distribution in kind; evidence. Sec. 3909. If distribution in kind is made, the personal representative shall execute an instrument or deed of distribution assigning, transferring, or releasing the property to the distributee as evidence of the distributee’s title to the property. History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
Section 700.3910 – Distribution; Right or Title of Distributee.
700.3910 Distribution; right or title of distributee. Sec. 3910. Proof that a distributee has received an instrument or deed of distribution of property in kind, or payment in distribution, from a personal representative is conclusive evidence that the distributee has succeeded to the interest of the estate in the distributed property, as against all persons […]
Section 700.3911 – Improper Distribution; Liability of Distributee.
700.3911 Improper distribution; liability of distributee. Sec. 3911. Unless the distribution or payment no longer can be questioned because of adjudication, estoppel, or limitation, a distributee of property that is improperly distributed or paid, or a claimant that is improperly paid, is liable to return the property improperly received and its income since distribution if […]
Section 700.3912 – Purchasers From Distributees Protected.
700.3912 Purchasers from distributees protected. Sec. 3912. (1) If property distributed in kind or a security interest in that property is acquired for value by a purchaser from or lender to a distributee who has received an instrument or deed of distribution from the personal representative, or is so acquired by a purchaser from or […]