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Michigan Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children

State:
Michigan
Control #:
MI-511R
Format:
Word; 
Rich Text
Instant download

Description

This package contains two wills for a man and woman living together with minor children. It is designed for persons that, although not married, desire to execute mutual wills leaving some of their property to the other and that have minor children. Instructions are also included.


The wills must be signed in the presence of two witnesses, not related to you or named in the wills. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the wills.


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  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children
  • Preview Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children

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FAQ

Mirror wills are based on the idea that married or unmarried couples will likely have the same wishes regarding their estate. No matter which spouse dies first, the estates are handled the same way. The basic structure of a mirror will is similar to an individual last will.

Joint wills are usually created by married couples. They often state that: After one spouse has died, all the couple's property will be left to the surviving spouse; and. After the surviving spouse dies, the remaining property will be left to the couple's children.

Property in a living trust. One of the ways to avoid probate is to set up a living trust. Retirement plan proceeds, including money from a pension, IRA, or 401(k) Stocks and bonds held in beneficiary. Proceeds from a payable-on-death bank account.

A joint will is one that two people, typically a married couple, sign together. Instead of each spouse having a separate will, they have one document that they've both agreed to. Most joint wills are written such that when one spouse dies, their portion of the estate passes to the other.

The reality is, however, that both you and your spouse should each have your own will, and it should be planned as soon as possible. Some couples think that they can have one joint will together, but this is not a sound approach.

In most states, if you have a will while you are married and then end the marriage, the will is automatically revoked. It's possible to leave an inheritance to your ex, but you have to write a new will that specifically states you are doing so. Disinheriting your spouse.

While you can write your own last will and testament, it's very important to follow your state's requirements. If the court finds it invalid, someone other than your chosen executor could handle your estate and distribute your assets differently than you intended.

Create the initial document. Start by titling the document Last Will and Testament" and including your full legal name and address. Designate an executor. Appoint a guardian. Name the beneficiaries. Designate the assets. Ask witnesses to sign your will. Store your will in a safe place.

Include personal identifying information. Include a statement about your age and mental status. Designate an executor. Decide who will take care of your children. Choose your beneficiaries. List your funeral details. Sign and date your Last Will and Testament.

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Michigan Mutual Wills or Last Will and Testaments for Man and Woman living together, not Married with Minor Children