A last will and testament is one of the most recognizable and important estate planning instruments. Through the use of a will you can express your final wishes for your assets, designate who will receive assets through your estate, name guardians for minor children and help ensure the efficient processing of your probate estate.
Why Do I Need A Will?
If you do not have a will at the time of your death, your solely held assets will be distributed according to the laws of intestate succession in Michigan, including Oakland County. While this may be fine for a limited number of individuals, most people want to have a say in who benefits from their estate. Without a will, your loved ones may also have to endure a lengthy and costly probate process, and the likelihood for internal family disputes may increase.
Our Approach To Will Creation
Our Royal Oak lawyers understand that creating a will may be difficult for our clients — no one likes to think about his or her own mortality. Creating a will also involves highly personal choices and can be emotionally difficult for some of our clients. While our team is always focused on practical legal advice, we also provide supportive service for these sensitive family matters.
The Importance Of Reviewing Your Will On A Regular Basis
While creating an initial will is an important first step, it is also necessary to review your will on a regular basis. In the very least, you should always reconsider your will if you have experienced a significant life event, such as a divorce, the birth of a child or grandchild or the death of a named beneficiary of the estate. Whether this is your first will or your third or fourth revision, our Southfield lawyers can help ensure your final wishes are protected.