What is the deadline for the probate inventory in Michigan?
91 days after letters of authority are issued. MCL 700.3706 requires the personal representative to list each asset with its fair market value as of the date of death on Form PC 577, then serve it on presumptive distributees with proof of service on Form PC 564.
Can a Michigan personal representative use different appraisers for different assets?
Yes. Michigan's Estates and Protected Individuals Code expressly allows the personal representative to employ a qualified, disinterested appraiser whenever an asset's value is in reasonable doubt, and to use different appraisers for different kinds of property. Each appraiser's name and address must appear on the inventory beside the items they valued.
Are liens deducted from personal property values on Michigan's inventory?
No. Unlike real estate, personal property is reported on Form PC 577 at full fair market value, with any encumbrance shown separately. Advice to net out liens comes from other states' practice and does not match Michigan's statute.
How is Michigan's probate inventory fee calculated?
On the total date-of-death value of all inventoried assets, in statutory brackets that begin at $3,000. An estate worth $3,000 to $10,000, for example, pays $25 plus 5/8 of 1% of the amount over $3,000. Because personal property values feed directly into this fee, accurate rather than inflated valuations matter.