| Q. | WHAT HAPPENS IF I DIE WITHOUT A WILL? |
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| A. | Your
possessions will be distributed according to law. Basically, someone
who dies without a Will is said to be "intestate". The State has
adopted a law that determines your heirs--generally, your spouse,
children, parents, brothers/sisters, etc.--if you do not change that by
making a Will. There are some exceptions to that, however. |
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| Q. | WHY SHOULD I MAKE A WILL? |
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| A. | You
can choose who will receive your property. You can also select someone
you trust to act as the "personal representative"--this used to be
called the "executor". If you have children under 18 years of age, you
can appoint the person you want to be their legal guardian if you die. |
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| Q. | CAN I AVOID PROBATE BY MAKING A WILL? |
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| A. | No.
Whether or not your heirs will need to use probate court procedures
depends more on the types of property you have to pass on than whether
or not you have a Will. If you have assets that need to go through
Probate, your Will can give you more control over what happens in that
process. However, the person you appoint as "personal representative"
may still need to go to the Probate Court for authority to distribute
some kinds of property. |
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| Q. | WHAT KINDS OF PROPERTY DO NOT REQUIRE PROBATE? |
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| A. | Property
such as money held in a joint bank account, Certificate of Deposit or
stock account if it says that there are "rights of survivorship". Real
estate may also pass directly to the survivor if the names of both
spouses are on the deed or it says that the property is owned jointly
with "rights of survivorship." Life insurance proceeds that are to be
paid to a "beneficiary"--someone specifically named who is living at
the time that the benefits are payable. (If life insurance is payable
to your estate or to someone who has already died, then this money
would also have to go through probate procedures).
If your car is worth less than $60,000 and there is nothing else
that would require probate, the car can be transferred to a spouse or
next of kin through the Secretary of State's office without filing in
probate. You can get more information from the website for the Secretary of State's office |
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| Q. | AM I PREVENTED FROM GIVING AWAY OR SELLING PROPERTY AFTER I PUT IT IN MY WILL? |
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| A. | No.
Your Will has no effect until you die--and people you name in your Will
have no rights to the property until your Will is probated. That is
why you can make a new one or change the old one at any time. If you
sell or give the property to someone else before you die, that part of
your Will is simply ignored.
For this reason, it is a good idea to look at your Will if you do
sell property or make major gifts during your lifetime. You will want
to make sure that it all still balances out the way you would want. |
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| Q. | ARE THERE DIFFERENT KINDS OF WILLS? |
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| A. | Yes.
If you do not use the Statutory Will form, there are several other ways
to make a valid Will. However, each of those require that you comply
to fairly specific legal requirements in order for the Will to be
valid. It is a good idea to consult a lawyer if you do not use the
Statutory Will form. |
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| Q. | ARE THERE PEOPLE WHO SHOULD NOT USE THE STATUTORY WILL? |
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| A. | Yes. The Statutory Will was written to serve the needs of a broad group of people but it definitely was not meant to be "one size fits all."
People with large amounts of property may need specialized
information and advice about estate planning to reduce the impact of
state and federal taxes on their estate.
People with "blended" families may also need to use a different kind
of Will or estate planning instrument to make sure that children from
previous marriages are taken into consideration.
People without a spouse or children or those who have reasons that
they would not want to treat their children equally. The Statutory
Will assumes that all heirs in the same category would be treated the
same.
People with children who have special needs. While the Statutory
Will can be used by parents with young children and modest property to
nominate a guardian, it cannot be used to set up a trust or make other
arrangements that may be necessary if there is a substantial amount of
money to be handled or if there is a child who may need ongoing special
care as an adult.
People with businesses. The Statutory Will does not provide any way
to implement a business succession plan. An attorney or other
specialist should be consulted specific information and planning.
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| Q. | WHAT CAN I DO USING THE STATUTORY WILL? |
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| A. | You
can pick the person you want as your "personal representative" and
decide whether or not you want that person to be "bonded" or not. You
can also select a "2nd choice" to serve if the first person is unable
or unwilling to take on the responsibility when the time comes.
If your children are under 18 years of age, you can appoint the
person you want to be their legal guardian or conservator if both you
and the other parent are deceased.
If you want, you can leave one or two cash gifts of any amount to individuals or charities.
If you want to make sure that certain people get special gifts of
personal property, e.g. there is a particular piece of furniture or
jewelry that you want to give to someone, you can leave a list of those
things so that the personal representative will give them to the right
people.
You can leave the remaining property to your spouse. If your spouse
is deceased, you can decide how you want the property divided among
your children and grandchildren. |
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| Q. | HOW DO I USE THE STATUTORY WILL? |
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| A. | First,
you need to obtain a copy of the form. It is available at Legal
Assistance Center at the Kent County Courthouse, 5th Fl.. The State
Legislature also publishes a booklet that is available from the office
of your local state Representative or state Senator. You can also print a copy from the Internet.
Next, read the entire form especially the notice at the beginning and the definitions at the end.
After you are sure that you understand what you are doing, fill in the blanks as directed in the form
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| Q. | CAN MY SPOUSE AND I JUST USE ONE FORM? |
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| A. | No. You cannot do a joint will using this form. You should each complete one. |
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| Q. | WHY DO I NEED TO LIST THE NAMES OF MY CHILDREN? |
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| A. | One
reason is convenience to the Court in the future. A second is that, if
there is a question of your mental state (competency) when you signed
the Will, this helps to establish that you knew "the natural objects of
your Bounty"--which is one thing that the Judge would look for in
making a decision. |
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| Q. | DO I HAVE TO FILL OUT THE SECTION FOR CASH GIFTS TO PERSONS OR CHARITIES? |
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| A. | No. If you don't want to make any cash gifts, you can skip or cross out this section.
In fact, this is a part that you should think about carefully before
you put anything in here. These "cash gifts" will be paid "off the
top" of your estate regardless of how much you have left when you die.
For example, you need to think about whether you want to leave $5000 to
the church or a charity or a friend if that means that, because you
have spent your savings on expenses, it means that your children would
receive nothing. |
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| Q. | WHAT SHOULD I DO ABOUT THE "LIST OF PERSONAL ITEMS"? |
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| A. | This
is a part of the Statutory Will that really offers a lot of flexibility
and ability to make sure that the little but important things go to
people you believe will appreciate them.
This does not need to be a complete inventory of your possessions.
There is a part of this paragraph that says that the remaining
possession should be distributed to your heirs.
You can write or type a list of things that you want to go to people
and keep it with your will. The list should be as clear as possible in
describing both the item and the person who should receive it. For
example, if possible, say "my diamond solitaire & gold engagement
ring" and not just "my rings". And give the name of the person, not
just "my next door neighbor" or "my nephew".
You should sign it at the end and put the date. You do not have to
make the list at the same time that you sign the Will and can update or
change it at any time. It is a good idea to check the list fairly
often--if you sell or give things away, you should take them off the
list to avoid any confusion in the future. |
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| Q. | WHAT ABOUT THE SECTION LABELLED "ALL OTHER ASSETS"? |
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| A. | In
order to make a valid Will, you have to say who gets the "residue" of
your estate. That is everything that is left once the specific gifts
have been paid.
The Statutory Will provides that the person is the surviving spouse
if there is one. If there is not a surviving spouse, the rest will go
to your "heirs-at-law" in equal shares; this would be your children or,
if they have predeceased you, their children. If you do not have
children or grandchildren who survive you, you have two choices:
If you have no surviving children or grandchildren, it would be your
parents or your siblings or their children. This is what would happen
if you had no Will. If you do not make a choice by signing in this
Section, this is what will happen.
If you and/or your spouse have children from other marriages, you
can choose the provision that gives 1/2 to your heirs and 1/2 to your
spouse's heirs if your spouse has predeceased you. If you want to make
that choice, you need to sign this Section under (a). |
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| Q. | IF MY CHILDREN ARE ALL OVER 18 YEARS OF AGE, SHOULD I PUT ANYTHING IN THE SECTION ABOUT GUARDIANSHIP/CONSERVATOR? |
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| A. | No. You can skip or cross through this Section.
You cannot use this provision to appoint a guardian or conservator
for an adult. If you have an adult child who has special needs and may
need a guardian when you are gone, you should not use the Statutory
Will form and should consult with an attorney on planning for that
child. |
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| Q. | WHO SHOULD BE THE PERSONAL REPRESENTATIVE? |
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| A. | This is sometimes the most difficult decision for people to make.
The Personal Representative should be someone with enough
"paperwork" and "organizational" skills to complete paperwork and keep
the records that the Court will need. The person should be someone you
know to be responsible about making sure that things are done on time.
Ideally, the Personal Representative is also someone who can settle
disputes and handle things as you would if possible. You can choose a
trusted friend, a family member or, if the size of your estate
justifies the expense, a bank.
You should consult the person or institution that you are thinking
of and find out if they are willing and/or able to serve. If you are
thinking about using a bank, you should ask for an estimate of the
bank's fees and for an honest opinion of whether or not the size of
your estate justifies that added expense.
The Personal Representative does not have to be a Michigan resident but it is much less complicated if he or she is. |
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| Q. | WHAT DOES "WITH" OR "WITHOUT BOND" MEAN AND HOW DO I DECIDE? |
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| A. | Unless
you state that your Personal Representative can serve "without bond",
the Court will require that he or she purchase a bond from an insurance
company. This is to protect the heirs in case the Personal
Representative misuses the assets or takes them for his/her own use.
Both the amount and cost of the bond depend on the value of the assets
in the estate. This is generally one of the costs of probating the
estate that is paid before the final distribution of property to the
heirs.
Whether or not your Personal Representative should be allowed to
serve without bond is a decision that should be made based on the
degree of trust that you place in the person. If you have a bank or
non-family member as the Personal Representative, you probably will
want to have a bond. If you have a large family and not everyone gets
along, you will probably want to have a bond. The cost is generally
modest and in proportion to the amount at risk and is probably worth
peace of mind if there is any doubt at all.
On the other hand, if your only child and sole heir is also the
Personal Representaive, clearly he or she should serve without bond. |
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| Q. | WHO SHOULD WITNESS THE WILL? |
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| A. | Witnesses
must be adults. It is helpful if they are people that you know and
that could be located if necessary to testify if necessary.
You do not have to tell the witnesses about the contents of the
Will. They only have to be told that the document you are signing is
your Will and that you are asking them to witness your signature.
Any person who will receive money or property from your Will CANNOT be a witness. |
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| Q. | THERE IS NO SPACE FOR THE NOTARY? DOESN'T A WILL HAVE TO BE NOTARIZED? |
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| A. | No. A Will does not need to be notarized. There must be at least two witnesses. |
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| Q. | WHERE SHOULD I KEEP MY WILL WHEN IT IS FINISHED? |
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| A. | There
are several choices. The Probate Court will file it for a $25.00 fee;
however, it may be inconvenient if you need to retrieve it to make
changes and they will charge a new fee when you refile it. You may
want to give it to the person you have chosen as the Personal
Representative as he or she will need to have it to file. A good
choice is a locked box in your home where you have gathered other
important papers such as deeds, car titles, insurance policies, etc.
Before putting it in a bank safety deposit box, you should check
with the bank about their policies on locking boxes when the owner
dies. Sometimes this is not the best choice if the bank locks the box
and requires a court order and inventory before letting anyone have
access as this can cause delays for your family and Personal
Representative. |
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| Q. | WHAT IF I WANT TO CHANGE MY WILL? |
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| A. | You can change your Will at any time before your death--so long as you are legally competent.
There are different ways to do this. You can make an entirely new
Will that will take the place of any Will that has an earlier date.
(This is why the form starts out saying "I revoke any prior wills and
codicils. .) It is also a good idea to destroy the original and any
copies of the old Will.
You can also talk to an attorney about writing a "codicil". This is
a document similar to the Will that changes only certain parts. It is
then attached to the first Will.
The thing that you should NOT do is cross through or mark changes on your Will. This makes your Will invalid.
You can redo or change the list of personal items attached to your Statutory Will at any time without redoing the entire Will.
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| Q. | WILL MY MICHIGAN STATUTORY WILL BE VALID IF I MOVE TO ANOTHER STATE? |
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| A. | Many
states have laws that say that, if a Will was valid in the State where
it was written and signed, it is considered to be valid in that
State--even if their State requirements are different.
However, after you move, it is a good idea to have an attorney in
your new location check things over and tell you whether you need to
make changes or not. |
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