Legal Question in Wills and Trusts in Michigan
Estate Distribution Laws
My mother passed away in August of 1998. My sister is the executrix of her estate. I have not received any documentation which states what my mother's assets were, and, other than a phone conversation with my sister in which she offered information that checking and savings account balances are "about $120,000", I have no way of knowing what else there may be. My brother-in-law mentioned to me today that my mother has over $130,000 in stocks...I obviously need to find a lawyer, but my main question is can my sister continue to spend mother's money, other than paying bills accrued before her death? Is she (my sister) required to provide me with an itemized statement of any kind? Thanks.
1 Answer from Attorneys
Re: Estate Distribution Laws
The personal representative musst keep the interested parties reasonably informed about the estate and its administration. The personal represenative within 56 days from the issuance of the letters of authority must file an inventory describing the property in the estate known to the personal representative.
The personal representative must also file accountings with the court each year until the estate is closed ,when required. All accountings must be itemized, showing in detail receipts and disbursements as well as the form and extent of the property on hand at the end of the accounting period, unless itemization is waived by all interested parties
If you have further questions please consult with an attorney of your choosing.
My opinion does not constitute legal advice unless I have been specifically retained as legal counsel and completely informed of the facts of the situation
Henry Legere, Jr.
Sheikh & Associates, P.C.
35 Crocker Blvd.
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