Legal Question in Wills and Trusts in Michigan

estate account

bother deceased 4-9-04. He had some stock with a previous employer. No beneficiary stated on stocks. The place of business said there had to be an estate account set up in order to receive this money, Is this true..What do I need in order to have an estate acount set up? Must I go thru probate? Please any information will help...


Asked on 6/04/04, 11:43 am

2 Answers from Attorneys
Blake Lipman Law Office of Blake P. Lipman

Re: estate account

Yes, you need to open a probate estate, but you may be able to get by with a small, streamlined estate, which is faster and less costly. For more info. please call (248)851-3171.

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Answered on 6/04/04, 1:44 pm
John C. Talpos Talpos & Arnold

Re: estate account

Hello:

I have received a copy of your posting regarding your brother's stock. Yes, an estate has to be opened if he did not list a contingent beneficiary or owner of the stock. Michigan has a provision for handling small estates such as this. You can handle the matter by yourself or retain an attorney for assistance. Feel free to contact my associate, Karen Crusse, if you have any other questions. John C. Talpos (248) 743-6800. (http://www.Mich-Lawyer.com)

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Answered on 6/04/04, 2:10 pm


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