Preparing Your Will Is A Crucial Step Toward Having An Estate Plan
As a critical part of any estate plan, a will is something everyone should have, regardless of the size of your estate. You do not need to be wealthy to have a will; you just need to be an adult.
At Standard & Berry, PLLC, in Grand Rapids, our Michigan estate planning attorneys help people draft wills that protect their assets and their final wishes. Speak with one of our lawyers today to learn how a will drafting can make the process easy for you, whether you need a new will or just need to revise an existing one.
What Can A Will Do For You?
Wills serve a number of functions, including:
- Naming legal guardians for minor children
- Distributing your assets to heirs and beneficiaries
- Specifying your final wishes for a funeral and burial or cremation
In addition, Michigan law protects the inheritance rights of surviving spouses so that if you sign a will and are later married, then your spouse will inherit from your estate as if you had died without a will.
Other Important Things We Can Do When Drafting Your Will
This is also a good time to designate a power of attorney for financial matters and one for health care decisions. These people will make decisions on your behalf if you are incapacitated. It can provide great peace of mind for you and your loved ones to have these documents in place.
Plus, if you choose, we can draft an advance directive/health care directive at this time. This document details the type of end-of-life care you wish to receive. Having your wishes known will be a comfort to your family during a difficult time because they will know exactly what you want and do not want.
Make Sure To Keep Your Will Up To Date
Any significant life change (marriage, divorce, children, death) requires updates to your will. We can help you with will revisions and modifications in the future.
Today is the time to begin the process of drafting a will. You and your family will feel secure knowing what you want, which can reduce disputes and will contests.