Mutual And Joint Will Attorney In Detroit
From our office in Bloomfield Hills, just outside of Detroit, we at Prince Law Firm provide guidance and information to clients in a wide variety of estate planning matters. Our firm is fluent in the language of the estate laws in Michigan and can effectively explain your options for establishing estate planning documents.
Two types of wills that may be explored are called joint wills and mutual wills. If you are seeking the establishment of a joint will, mutual will or other type of will, contact a lawyer at our firm today.
Understanding Joint Wills
Contrary to its name, a joint will is a single document executed by more than one person, such as a husband and wife. This affects a relation to each signatory’s property on his or her death unless the will is canceled throughout their lifetime. Though is it a solo document, the joint will is a separate distribution of property by each executor and will be treated appropriately on admission to probate.
About Mutual Wills
Mutual wills are two or more wills that are reciprocally binding, so that after the first death the survivor’s ability to dispose of his or her property is restricted by the terms of agreement (will) he or she made with the deceased. Typically, these types of wills have played a significant role in guaranteeing that property passed to children of a marriage rather than a widow or widower’s spouse in a situation where there has been a remarriage.
Contact An Estate Planning Lawyer
Regardless of the type of estate that you have, large or small, we can help you create the proper documents in order to protect your assets, property and legacy for the future.