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Located and Serving in Monroe, MI 734-241-8300
Probate Law
Have You Experienced the Loss of a Family Member? Our Experienced Law Firm Can Assist You With the Legal Processes Necessary After the Passing of a Loved One
Philip A. Costello, PLLC Attorney at Law strongly believes that a wisely drafted, carefully executed estate plan is critical to a family’s wealth management. Our firm’s guiding principle is to provide families with quality Trust Administration and Probate services tailored to each client’s specific needs and goals.
Probate is a process by which the estate of a deceased person is both validated and executed. The probate process can often be a long and costly one, and those that are unfamiliar with the concept often have many questions regarding how to proceed.
Our Attorneys Are Experienced in a Wide Range of Probate, Inheritance, and Trust Matters Including:
- Probating wills and intestate estates
- Administering trusts
- Legal counsel for trustees, executors, administrators and beneficiaries
- Distribution of assets
- Challenges to fiduciaries
- Will contests (challenging and defending)
- Petitions to partition
- Preparation of wills and trusts
- Living wills
- Power of attorney
- Home visits available by request
Probate administration involves a variety of aspects. We will make sure that this administration is managed properly and individuals are thoroughly guided during the process.
The Following Issues Should Be Considered:
- Legal notices should be published
- Creditors should be properly notified and their rights should be considered during the distribution of assets
- There may be a need for a personal representative, so a petition for such should be filed
- Homestead Property should be dealt with separately from the assets
- Filing or objecting claims against the state involves a certain length of time
- Pending lawsuits are possible and separate procedures may be required in the event of an inheritance dispute
- Real estate properties may be sold in the process to pay debts or for the proper distribution of assets
- If the property exceeds the threshold, inheritance or estate tax will be imposed
- Before the assets are distributed, the administration cost, which includes income or property tax, will be subtracted
- The other assets of the deceased should be transferred to the beneficiaries
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