Sec. 3719.
(1) A personal representative is entitled to reasonable compensation for services performed. A personal representative may pay the personal representative's own compensation periodically as earned without prior court approval.
(2) If an attorney serves as personal representative, the attorney shall maintain time records that state the identity of the person performing personal representative services, the date the services are performed, the amount of time expended in performing the services, and a brief description of the services. Upon request of an interested person affected by payment of personal representative fees, the attorney shall send the time records to the interested person.
(3) If a will provides for the personal representative's compensation and there is no contract with the decedent regarding compensation, the personal representative may renounce the provision before qualifying and be entitled to reasonable compensation. A written contract between the decedent and the personal representative regarding compensation for estate settlement services is binding on the personal representative.
(4) A personal representative also may renounce the right to all or a part of the compensation. A written renunciation of fee may be filed with the court and shall be served on all affected interested persons.
History: 1998, Act 386, Eff. Apr. 1, 2000 Popular Name: EPIC
Structure Michigan Compiled Laws
Chapter 700 - Estates and Protected Individuals Code
Act 386 of 1998 - Estates and Protected Individuals Code (700.1101 - 700.8206)
Article III - Probate of Wills and Administration (700.3101...700.3988)
386-1998-III-7 - Part 7 Duties and Powers of Personal Representatives (700.3701...700.3722)
Section 700.3701 - Powers and Duties of Personal Representative; Commencement; Accrual.
Section 700.3702 - Priority Among Different Letters.
Section 700.3704 - Personal Representative to Proceed Without Court Order; Exception.
Section 700.3705 - Appointment of Personal Representative; Notice Requirements.
Section 700.3706 - Duty of Personal Representative; Inventory and Appraisement.
Section 700.3707 - Employment of Appraiser.
Section 700.3708 - Duty of Personal Representative; Supplemental Inventory.
Section 700.3709 - Duty of Personal Representative; Possession of Estate.
Section 700.3710 - Power to Avoid Transfers.
Section 700.3711 - Powers of Personal Representatives Generally.
Section 700.3712 - Improper Exercise of Power; Breach of Fiduciary Duty.
Section 700.3714 - Persons Dealing With Personal Representative; Protection.
Section 700.3715 - Transactions Authorized for Personal Representatives.
Section 700.3716 - Powers and Duties of Successor Personal Representative.
Section 700.3717 - Corepresentatives; Concurrence.
Section 700.3718 - Powers of Surviving Personal Representative.
Section 700.3719 - Compensation of Personal Representative.
Section 700.3720 - Expenses in Estate Litigation.
Section 700.3722 - Authority Regarding Environmental Matters.