[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/nmichlaw.com\/blog\/drafting-wills-a-task-that-is-all-too-easy-to-put-off\/#BlogPosting","mainEntityOfPage":"https:\/\/nmichlaw.com\/blog\/drafting-wills-a-task-that-is-all-too-easy-to-put-off\/","headline":"Drafting Wills \u2014 A Task That Is All Too Easy to Put Off","name":"Drafting Wills \u2014 A Task That Is All Too Easy to Put Off","description":"Developing an estate plan often does not reach the top of the typical Michigan resident\u2019s \u201cto do\u201d list. In its most basic form, estate planning involves drafting a will. Regardless, drafting\u00a0wills\u00a0may make the \u201cto do\u201d list; however, far too often &hellip; <a href=\"https:\/\/nmichlaw.com\/blog\/drafting-wills-a-task-that-is-all-too-easy-to-put-off\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a>","datePublished":"2018-03-01","dateModified":"2022-06-20","author":{"@type":"Person","@id":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/#Person","name":"Alward Fisher","url":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/","identifier":10,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Alward Fisher","logo":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","width":288,"height":103}},"image":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","height":"100","width":"100"},"url":"https:\/\/nmichlaw.com\/blog\/drafting-wills-a-task-that-is-all-too-easy-to-put-off\/","about":["Wills"],"wordCount":372,"articleBody":"Developing an estate plan often does not reach the top of the typical Michigan resident\u2019s \u201cto do\u201d list. In its most basic form, estate planning involves drafting a will. Regardless, drafting\u00a0wills\u00a0may make the \u201cto do\u201d list; however, far too often this important task does not make its way to the top of the list.A will actually does not become effective until the death of the individual. Soon after this point in time, an individual is appointed to act as executor of the estate; usually, this individual is identified within the will. After the will goes through the probate process, the executor\u00a0is the individual responsible for itemizing all of the individual\u2019s assets and debts. He or she then makes sure the debts are paid. Once this occurs, remaining assets can be distributed to beneficiaries under the supervision of the probate court.The will, however, does not generally include all assets owned by the individual.\u00a0 Assets that have specific beneficiaries identified through other specific documents are handled differently. For example, real estate that is held as joint tenancy will automatically pass to the other individual or individuals listed on the deed. Additionally, bank, investment and life insurance accounts that have designated beneficiaries will pass to the individuals indicated on these documents.Creating a will appears to be a fairly easy task that is all too easy to put off for another day. Yet, the majority of Michigan residents fail to draft their wills while there is still time. Prior to meeting with legal counsel, the individual will want to review his or her assets, liabilities and desires regarding who should inherit.Source:\u00a0lakeconews.com, \u201cEstate Planning: The difference between a trust and a will\u201c, Dennis Fordham, Feb. 24, 2018About the AuthorLatest PostsAlward FisherAt Alward Fisher, we provide more than savvy legal representation. We provide peace of mind. Peace of mind for your business. Peace of mind for your family. And the peace of mind for your future. No matter what types of legal challenges you are facing, we can help you find solutions.Can You Stop a Michigan Divorce Once Filed?Alimony vs. Child Support: What\u2019s the Difference?Can Someone with the Power of Attorney Change a Will?"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/nmichlaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Drafting Wills \u2014 A Task That Is All Too Easy to Put Off","item":"https:\/\/nmichlaw.com\/blog\/drafting-wills-a-task-that-is-all-too-easy-to-put-off\/#breadcrumbitem"}]}]