E.P.I.C. - 700.3983 Collection of personal property by sworn statement - Sec. 3983. (1) After 28 days after a decedent's death, a person indebted to the decedent or having possession of tangible personal property or an instrument evidencing a debt, obligation, stock, or chose in action belonging to the decedent shall pay the indebtedness or deliver the tangible personal property or the instrument to a person claiming to be the decedent's successor upon being presented with the decedent's death certificate and a sworn statement made by or on behalf of the successor stating all of the following:
- The estate does not include real property and the value of the entire estate, wherever located, net of liens and encumbrances, does not exceed $22,000.00, (as adjusted for cost of living as provided in MCL 700.1210 -
Department of Treasury publication)
- Twenty-eight days have elapsed since the decedent's death.
- An application or petition for the appointment of a personal representative is not pending or has not been granted in any jurisdiction.
How to File: complete the form (Affidavit of Decedent's Successor for Delivery of Certain Assets owned by Decedent
(PC 598) and have your signature notarized.
Present to the institution where the funds are held(i.e. bank, stock company)
Please Note: There is no other court involvement and no fee when filing.