Michigan Probate and Michigan Estate Planning Ammendments to Court Rules

The Michigan Court Rules that apply to Michigan Probate and Estate Planning procedure will be undergoing some minor tweaks effective May, 1 2009.  The amendments will be effecting Michigan Court Rules 5.105, 5.125, 5.206, 5.302, 5.306, 5.307, 5.309, and 5.403 along with a new rule Michigan Court Rule 5.411.

The Michigan Institute of Continued Legal Education has provided the full text to the amendments here.

Briefly, new Michigan Court Rule 5.411 provides that all conservatorships with unrestricted assets may require bond to be set by the court in an amount the court deems necessary to protect the estate or as required by statute.  The new court rule also states that no bond shall be required of trust companies organized under Michigan law or banks with trust powers, unless the court deems otherwise.

Christopher J. Berry, Esq.
Michigan Probate Lawyer