A will is one of the most important documents you can create. A will allows you to state how you would like your assets to be allocated to your loved ones in the event of your passing. In your will, you may incorporate real estate, bank account, retirement plans, and other important assets. You can also include sentimental items, such as photographs, letters, antiques, and more. While a will can be extremely beneficial, failing to create one can have serious consequences. Read on to learn more.
What happens when someone passes away without a will?
Passing away without a valid will is known as dying “intestate.” When this occurs, the deceased’s assets will be obtained by the state. The state of Michigan will then distribute the assets to the loved ones of the deceased. This means that your assets will not be allocated according to your wishes. This is just one of the reasons to create a will.
What makes a will valid in Michigan?
While creating a will is an important step, it is necessary to ensure that your will is valid.
In order to be considered valid in the state of Michigan, your will must meet the following criteria:
- The testator must either sign the will themselves or another person must sign the testator’s name at their direction and in their presence
- At least two people must witness the signature and sign their names on the will within 30 days of each other
- The testator must be at least 18 years old and of “sound mind and memory”
- At some point during the will’s execution and attestation, the testator must tell each witness that the document is their will
Other important estate planning documents:
You may also want to create an advance healthcare directive, trusts, and more. An estate planning attorney can help you create a cohesive and comprehensive estate plan.
If you have any questions or concerns about creating a valid will in the state of Michigan, our firm is here to help. Reach out today to speak with an experienced and dedicated estate planning attorney. Our firm is here to walk you through the process each step of the way.
Contact our Firm
Sometimes, divorce, family, and estate matters are difficult to navigate. Fortunately, they do not have to be with the assistance of a compassionate, knowledgeable attorney who is willing to guide you every step of the way. If you need a seasoned firm to help you with any divorce, family or estate-related matter, please do not hesitate to contact Collis, Griffor & Hendra today to schedule a consultation.
