As experienced estate planning lawyers, The Prince Law Firm in Bloomfield Hills, Michigan, provides comprehensive estate planning guidance to clients in the greater Detroit area. We take the time to find out what your goals are, and the specifics of your situation, before recommending a course of action. Once we have determined what instruments are most beneficial for your estate plan, we explain them in plain English, ensuring you understand before you make a decision. Contact us today to schedule an appointment.
What Is A Contract To Make A Will?
One of the issues our clients sometimes face is called "contract to make a will." This is a contractual arrangement that details a person's right to:
- Make a will
- Not to revoke a will
- Die without a will
In some cases, a contract to make a will is called a testamentary contract. This means that the testator is essentially making a contract with the named executor or administrator of the estate. The contract details that the executor or administrator will perform actions related to the estate that are according to your exact, written wishes. The executor or administrator is in essence the other party to the contract, even though they do not have to sign it or even accept it.
A contract to make a will, or a testamentary contract, does not arise with most simple estate plans. However, when assessing your facts and goals, our firm may conclude it is in your best interest to establish a contract to make a will in order to ensure that your wishes are preserved, along with your property and assets.
Contact An Estate Planning Attorney
To learn more about a contract to make a will, a testamentary contract or estate planning law in general, call 248-419-1968 or e-mail our firm today. We are dedicated to helping our clients thoroughly understand their rights and options.