What Is the Estate's Personal Property Worth for Probate in Michigan?
Estimate the fair market value of household items for the Michigan estate inventory — what furniture, electronics, and appliances would sell for today, not what was paid.
Frequently Asked Questions
Personal property in Michigan is valued at fair market value — what the item would sell for on the open market, not the original purchase price.MCL 700.3982, 700.3983 (small estate; base $50K set by PA 1 of 2024, adjusted by 2023 COLA factor per MCL 700.1210; 2026 adjusted amounts: $53K affidavit/petition threshold per MCL 700.3983 and 700.3982(1)&(2); $264K real-property indebtedness deduction cap per MCL 700.3982(5) — confirmed via Michigan Treasury COLA notice dated 2026-01-30, Table B); MCL 700.3803 (4-mo creditor claims from publication; 3-yr if no publication); MCL 700.3801 (publication duty); MCR 5.208 (publication mechanics); MCL 700.3719 (PR reasonable compensation); MCL 700.3721 (attorney reasonable compensation); MCL 700.3603 (bond not required in informal probate by default); MCL 600.871 (inventory fee schedule — all tiers verified); MCL 600.880 (filing fee: $150 civil action; $25 for MCL 700.3982 petition); MCL 700.3302 (informal probate by the probate register); MCL 700.3704 (unsupervised administration); MCL 700.3501 (supervised admin). Verified 2026-07-14 against legislature.mi.gov and the Michigan Treasury EPIC cost-of-living-adjustment notice signed 2026-01-30 (Tables A and B).Verified Jul 15, 2026 Most household items (furniture, electronics, clothing) lose 50-90% of their value. Professional appraisals are used for art, collectibles, jewelry, and other high-value items.
No. Executors in Michigan can typically group low-value household goods into a single line on the inventory — for example, "household furnishings and personal effects" — while valuable items such as jewelry, art, and collectibles are listed individually. Each value reflects fair market value as of the date of death.
In Michigan, the executor must file the estate inventory within 91 days of appointment. If assets are discovered later, Michigan requires a supplemental inventory.MCL 700.3706, 700.3707, 700.3708Verified Jul 14, 2026
Estates with personal property under $53,000 in Michigan may qualify for Affidavit of Decedent's Successor, which avoids full probate.MCL 700.3982, 700.3983 (small estate; base $50K set by PA 1 of 2024, adjusted by 2023 COLA factor per MCL 700.1210; 2026 adjusted amounts: $53K affidavit/petition threshold per MCL 700.3983 and 700.3982(1)&(2); $264K real-property indebtedness deduction cap per MCL 700.3982(5) — confirmed via Michigan Treasury COLA notice dated 2026-01-30, Table B); MCL 700.3803 (4-mo creditor claims from publication; 3-yr if no publication); MCL 700.3801 (publication duty); MCR 5.208 (publication mechanics); MCL 700.3719 (PR reasonable compensation); MCL 700.3721 (attorney reasonable compensation); MCL 700.3603 (bond not required in informal probate by default); MCL 600.871 (inventory fee schedule — all tiers verified); MCL 600.880 (filing fee: $150 civil action; $25 for MCL 700.3982 petition); MCL 700.3302 (informal probate by the probate register); MCL 700.3704 (unsupervised administration); MCL 700.3501 (supervised admin). Verified 2026-07-14 against legislature.mi.gov and the Michigan Treasury EPIC cost-of-living-adjustment notice signed 2026-01-30 (Tables A and B).Verified Jul 15, 2026 Accurate valuation at fair market value can determine whether the estate falls below this threshold. Check eligibility with the Michigan probate need checker.
High-value items such as art, antiques, jewelry, and collectibles typically require professional appraisals, while typical household items — furniture, electronics, appliances, clothing — can be valued using comparable sales data. Michigan lets the executor value most property without a formal appraisal, though valuable items still warrant a qualified appraiser.MCL 700.3706, 700.3707, 700.3708Verified Jul 14, 2026
Once the inventory is filed, tangible personal property in Michigan passes under any specific gifts in the will, then under the will's residuary clause. Without a will, it passes under Michigan intestate succession. See who receives it with the Michigan inheritance calculator.
Not necessarily. Items with named beneficiaries (life insurance, retirement accounts), jointly held property, and assets in a trust bypass probate. Only personal property owned solely by the deceased passes through probate in Michigan. The Michigan probate need checker determines which assets require probate.
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