12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

What is a Last Will and Testament in Zip Code 49258

What is a Last Will and Testament in Zip Code 49258

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your Last Will and Testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable Living Trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a Last Will and Testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a Last Will and Testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
Personalize & Print a Free MI Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Zip Code 49258
Lynch Gallagher Lynch Martineau & Hackett PLLC
555 N Main St
Mount Pleasant, MI 48858
(989) 773-9961
Attorneys,  Personal Injury Law Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Estate P
Martineau Hackett Romashko and Oneil
555 N Main St
Mount Pleasant, MI 48858
(989) 773-9961
Wills, Trusts & Estate Planning Attorneys, Attorneys, Criminal Law Attorneys, Family Law Attorneys,
Janes, Backus & Janes PC
115 S University Ave
Mount Pleasant, MI 48858
(989) 773-9941
Attorneys, Family Law Attorneys, Criminal Law Attorneys, Wills, Trusts & Estate Planning Attorneys,
Rettig Rademacher Clark Bray & Cameron
1801 13th Ave
Menominee, MI 49858
(906) 864-9880
Social Security & Disability Law Attorneys,  Attorneys,  Legal Service Plans,  Administrative & Gove
Upper Michigan Law
1101 11th St
Menominee, MI 49858
(906) 864-9880
Social Security & Disability Law Attorneys, Attorneys
Dewey Garner F
206 N Forest St
Standish, MI 48658
(989) 846-9563
Accident & Property Damage Attorneys,  Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys,  
Wilbur & Byington
222 W Apple St
Hastings, MI 49058
(269) 945-9557
Attorneys, Legal Service Plans
Depot Law Offices PLC
222 W Apple St
Hastings, MI 49058
(269) 945-9557
Real Estate Attorneys,  Attorneys,  Accident & Property Damage Attorneys,  Criminal Law Attorneys,  
Koons David M
214 N Broadway St
Hastings, MI 49058
(269) 948-9407
Attorneys, Legal Service Plans
Feeley Professional Law Corporation
2020 S. Mission St., Suite 452
Mount Pleasant, MI 48858
(888) 860-8558
Bankruptcy Law Attorneys, Corporation & Partnership Law Attorneys, Divorce Attorneys
Stupak Law Office PC
1000 9th St
Menominee, MI 49858
(906) 863-7885
Attorneys, General Practice Attorneys
Erickson Wayne
1101 11th Ave # 2
Menominee, MI 49858
(906) 863-7853
Attorneys,  Attorneys Referral & Information Service,  General Practice Attorneys,  Legal Service Pl
Gistinger & Gistinger
200 Riverside Dr
Manchester, MI 48158
(734) 428-7853
General Practice Attorneys, Attorneys, Legal Service Plans
Spencer-Noggle Sara
215 W Broadway St
Mount Pleasant, MI 48858
(989) 772-7680
Attorneys, Criminal Law Attorneys
Hickey-Niezgoda Renee L
700 E Chippewa St
Mount Pleasant, MI 48858
(989) 773-7651
Attorneys, General Practice Attorneys
Braun Kendrick Finkbeiner
304 E Broadway St Ste 206
Mount Pleasant, MI 48858
(989) 775-7404
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans
Kerr Law Firm, PLLC
205 S Main St
Mount Pleasant, MI 48858
(989) 773-7071
Attorneys, Probate Law Attorneys, Elder Law Attorneys, Wills, Trusts & Estate Planning Attorneys, Le
Lesley Hoenig
205 South Main Street
Mount Pleasant, MI 48858
(989) 773-7071
Attorneys,  Estate Planning, Probate, & Living Trusts,  Elder Law Attorneys,  Wills, Trusts & Est
Doerr & Doerr PC
11500 N Saginaw St
Mount Morris, MI 48458
(810) 686-7030
Attorneys, Criminal Law Attorneys, Civil Litigation & Trial Law Attorneys, Business Law Attorneys, R
Day-Winters Attorneys and Counselors at Law
306 E. Broadway
Mount Pleasant, MI 48858
(517) 402-6852
Criminal Law Attorneys, Divorce Attorneys, Family Law Attorneys
William L Antrobius Law Office
113 W Broadway St # 240
Mount Pleasant, MI 48858
(989) 772-6277
General Practice Attorneys, Attorneys, Legal Service Plans
Harvey Rebecca A
406 W Main St
Manchester, MI 48158
(734) 604-6165
Family Law Attorneys,  Attorneys,  Probate Law Attorneys,  Wills, Trusts & Estate Planning Attorney
Pyscher Daniel H
300 S University Ave
Mount Pleasant, MI 48858
(989) 772-5993
Attorneys,  Social Security & Disability Law Attorneys,  Accident & Property Damage Attorneys,  Corp
Barstow Selsor & Klumb PC
1101 11th Ave Ste A
Menominee, MI 49858
(906) 863-5555
Attorneys,  Criminal Law Attorneys,  Wills, Trusts & Estate Planning Attorneys,  General Practice A
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US