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Our
Wills attorneys
Michael
A. Hettinger
Kerry
Hettinger
Todd
Hindenach
Grand Rapids: 785-0000 Kalamazoo: 324-2000
Battle Creek: 968-5000
Three Rivers: 278-7800 Sturgis: 659-6161
Coldwater: (517)278-6800 Dowagiac: 782-2500
Fax: 269-344-3601 Statewide: 800-294-5055
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WILLS
A will is the
cornerstone of every good estate plan. A person who makes out a
will is called a testator. Along with its traditional role of conveying
property at death, a will serves several other purposes. For example,
through a will a person can name a guardian for minor children,
direct that the minimum level of probate court involvement be utilized
in probating the estate, provide for who is to be considered a beneficiary
of the estate in the event a potential beneficiary dies close in
time to the testator, name the person who will represent the estate
for probate purposes (the personal representative), and direct from
what assets death taxes are to be paid.
Wills range
from fairly simple two or three page documents to far more lengthy,
complicated documents. A will can include a trust known as a Atestamentary
trust@. However, given the significant advantages in utilizing non-testamentary
trusts, testamentary trusts are seldom used today.
For estates
where tax planning is not a significant issue, no assets are to
be left to minors, and the proper powers of attorney are executed,
wills can be the primary vehicle used to pass assets at death.
In estates where
a trust is determined to be the most advantageous means of passing
assets at death, a special type of will known as a Apour-over@ will
is utilized. Any assets which are not placed in the trust before
death are poured-over into the trust by the will. Hence the name
Apour-over@ will. A pour-over will also accomplishes the tasks stated
above, many of which can only be done by a will.
Disclaimer
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