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Michigan Reports (Volume 202); Cases Decided in the Supreme Court of Michigan (Paperback) Loot Price: R636
Discovery Miles 6 360
Michigan Reports (Volume 202); Cases Decided in the Supreme Court of Michigan (Paperback): Michigan. Supreme Court

Michigan Reports (Volume 202); Cases Decided in the Supreme Court of Michigan (Paperback)

Michigan. Supreme Court

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Loot Price R636 Discovery Miles 6 360 | Repayment Terms: R58 pm x 12*

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1919. Not illustrated. Excerpt: ... after the debts were paid. It was nothing to them who the beneficiaries were, or whether they took by will or by inheritance. By statute the entire estate, real and personal, is held liable for deceased's debts, after payment of the necessary expenses of administration, including costs of her last sickness and funeral. 3 Comp. Laws 1915, 13794, 13887, 13888. Until the valid and properly proved claims of those who extended credit to deceased in her lifetime for money loaned, goods sold or services rendered are paid, the unearned gratuities to beneficiaries under her will or inheritances to her heirs are postponed and contingent, the corpus of the estate is subject to creditors' liens and the surplus rather than the gross assets constitutes the actual estate left to deceased's distributees or beneficiaries. "The law subjects the assets of a deceased person to the payment of his debts, and for this reason the creditor has an equitable lien thereon, which he can enforce through the administrator in a proper case for equitable interference." Pierce v. Holzer, 65 Mich. 263, 273. "Under our system the settlements of estates of deceased persons are essentially proceedings in rem (Howard v. Moore, 2 Mich. 226), as they are in most of the other States, in which the res is the decedent's estate and the jus ad rem is in the creditor. Upon the death of a person leaving creditors, the debts, previously personal obligations, become immediately property obligations, with all the force of a lien upon a debtor's estate." Lafferty v. People's Savings Bank, 76 Mich. 35, 51. Cases cited by appellant where fees of counsel and other expenses incurred by an executor or administrator in prosecuting or defending litigation directed to increasing or conserving the amount of t...

General

Imprint: General Books LLC
Country of origin: United States
Release date: 2012
First published: 2012
Authors: Michigan. Supreme Court
Dimensions: 246 x 189 x 13mm (L x W x T)
Format: Paperback - Trade
Pages: 238
ISBN-13: 978-1-153-88688-8
Categories: Books
LSN: 1-153-88688-X
Barcode: 9781153886888

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