NEW
PROBATE LAW EFFECTIVE APRIL 1, 2000

The amounts of property heirs of
decedents are entitled to receive upon decedents death significantly
increased April 1. That is because a new probate code named the
Estates and Protected Individuals Code, commonly referred to as EPIC
became effective on that date.
The Estates and Protected Individuals Code changes
many rights to property and court procedures existing under the current
probate system. The present probate code known as the Revised Probate
Code - is being repealed in its entirety. The substantive rights
established in the Revised Probate Code will apply to all estates of
decedents who die before April 1, 2000.
Under EPIC the surviving spouse of a decedent receives
the first $150,000 of the estate in most cases. This is a substantial
increase from the $60,000 granted under the Revised Probate Code. The
homestead allowance for surviving spouse and minor children increases
from $10,000 to $15,000. They also are entitled to receive personal
property of $10,000, a substantial increase from the $3,500 under the
prior code.
Many of the set amounts passing to survivors increase
with inflation. For example, the surviving spouses share of $150,000
will increase with inflation. As of January 1, 2001, this amount has
increased to $161,000. This is a major change from the previous code.
That amount was $60,000 and became effective in 1979. There had been no
increase for over 20 years.
The procedure for probating a decedent estate also
changed. An estate administration will be either unsupervised or
supervised. The supervision of estates by the court is markedly
lessened. The court remains available and responsible for resolving all
issues brought to its attention by a person filing a petition.
The changes made by this new probate code should
greatly benefit surviving spouses and minor children. Many estates of
persons dying after March 31, 2000 should be quickly probated because of
the increased surviving spousal rights. An estate of $200,000 could be
completed in just a few months. The general public should see
considerable benefit from it.
More detailed articles on EPIC can be found on this
web page. These articles more fully explain the property passing to the
surviving spouse, changes in the making of wills, the new procedures in
court, and several other topics of interest. Go to the index of the
articles and click on the article of interest.
That
site contains probate notes that give detailed information on the
Estates and Protected Individuals Code and a special section on
questions and answers regarding this Code.

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White Cloud, Michigan 49349
Phone: (231) 689-7270
Fax: (231) 689-7276
Email:
kerrie@co.newaygo.mi.us