I am often asked what could possible happen if you die without a Last Will and Testament. Here are a few points to think about:
If you die without a Last Will and Testament, then the court will decide based on Michigan law who your property goes to. If you are married, your spouse does not automatically receive all of your property.
To make sure that your property is distributed according to your wishes you must either have a Last Will and Testament or a Trust.
If you have minor children and die without a Last Will and Testament, then the court will hold proceedings to appoint a guardian and conservator for your children. You run the risk of your children being placed with people who you did not want to take care of your children.
If you do not have a Last Will and Testment - you should make sure that you have beneficiaries on your bank accounts, insurances, investments, retirement accounts, etc.
Contact me today to discuss your options