Mi Statutory Will Form – Fill Out and Use This PDF

MICHIGAN STATUTORY WILL OF

_____________________________________________

(Print or type your full name)

	ARTICLE 1. DECLARATIONS
This is my will and I revoke any prior wills and codicils.
I live in ____________________ County, Michigan.
My spouse is		.
	(Insert spouse's name or write "none")
My children now living are:
______________________________		______________________________
______________________________		______________________________
______________________________		______________________________
(Insert names or write "none")

ARTICLE 2. DISPOSITION OF MY ASSETS

2.1 CASH GIFTS TO PERSONS OR CHARITIES.

(Optional)

I can leave no more than two (2) cash gifts. I make the following cash gifts to the persons or charities in the amount stated here. Any transfer tax due upon my death shall be paid from the balance of my estate and not from these gifts.

Full name and address of person or charity to receive cash gift (name only 1 person or charity here):

________________________________________

(Insert name of person or charity)

________________________________________

(Insert address)

AMOUNT OF GIFT (In figures): $

AMOUNT OF GIFT (In words): ________________________________________ Dollars

________________________________________

(Your signature)

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Full name and address of person or charity to receive cash gift (name only 1 person or charity):

________________________________________

(Insert name of person or charity)

________________________________________

(Insert address)

AMOUNT OF GIFT (In figures): $

AMOUNT OF GIFT (In words): ________________________________________ Dollars

________________________________________

(Your signature)

2.2 PERSONAL AND HOUSEHOLD ITEMS.

I may leave a separate list or statement, either in my handwriting or signed by me at the end, regarding gifts of specific books, jewelry, clothing, automobiles, furniture, and other personal and household items.

I give my spouse all my books, jewelry, clothing, automobiles, furniture, and other personal and household items not included on such a separate list or statement. If I am not married at the time I sign this will or if my spouse dies before me, my personal representative shall distribute those items, as equally as possible, among my children who survive me. If no children survive me, these items shall be distributed as set forth in paragraph 2.3.

2.3 ALL OTHER ASSETS.

I give everything else I own to my spouse. If I am not married at the time I sign this will or if my spouse dies before me, I give these assets to my children and the descendants of any deceased child. If no spouse, children, or descendants of children survive me, I choose 1 of the following distribution clauses by signing my name on the line after that clause. If I sign on both lines, if I fail to sign on either line, or if I am not now married, these assets will go under distribution clause (b).

Distribution clause, if no spouse, children, or descendants of children survive me.

(Select only 1)

(a)One-half to be distributed to my heirs as if I did not have a will, and one-half to be distributed to my spouse's heirs as if my spouse had died just after me without a will.

________________________________________

(Your signature)

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(b) All to be distributed to my heirs as if I did not have a will.

________________________________________

(Your signature)

ARTICLE 3. NOMINATIONS OF PERSONAL REPRESENTATIVE,

GUARDIAN, AND CONSERVATOR

Personal representatives, guardians, and conservators have a great deal of responsibility. The role of a personal representative is to collect your assets, pay debts and taxes from those assets, and distribute the remaining assets as directed in the will. A guardian is a person who will look after the physical well-being of a child. A conservator is a person who will manage a child's assets and make payments from those assets for the child's benefit. Select them carefully. Also, before you select them, ask them whether they are willing and able to serve.

3.1 PERSONAL REPRESENTATIVE.

(Name at least 1)

I nominate ___________________________________________________________________

(Insert name of person or eligible financial institution)

of _______________________________________________ to serve as personal representative.

(Insert address)

If my first choice does not serve, I nominate

(Insert name of person or eligible financial institution)

of _______________________________________________ to serve as personal representative.

(Insert address)

3.2 GUARDIAN AND CONSERVATOR.

Your spouse may die before you. Therefore, if you have a child under age 18, name an individual as guardian of the child, and an individual or eligible financial institution as conservator of the child's assets. The guardian and the conservator may, but need not be, the same person.

If a guardian or conservator is needed for a child of mine, I nominate

(Insert name of individual)

of		as guardian and
	(Insert address)

(Insert name of individual or eligible financial institution)

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of			to serve as conservator.
(Insert address)
If my first choice cannot serve, I nominate
		(Insert name of individual)
of				as guardian and
(Insert address)

(Insert name of individual or eligible financial institution)

of ________________________________________ to serve as conservator.

(Insert address)

3.3 BOND.

A bond is a form of insurance in case your personal representative or a conservator performs improperly and jeopardizes your assets. A bond is not required. You may choose whether you wish to require your personal representative and any conservator to serve with or without bond. Bond premiums would be paid out of your assets. (Select only 1)

(a) My personal representative and any conservator I have named shall serve with bond.

________________________________________

(Your signature)

(b) My personal representative and any conservator I have named shall serve without

bond.

________________________________________

(Your signature)

3.4 DEFINITIONS AND ADDITIONAL CLAUSES.
Definitions and additional clauses found at the end of this form are part of this will.
I sign my name to this Michigan statutory will on	, 20__.

(Your signature)

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NOTICE REGARDING WITNESSES

You must use 2 adults who will not receive assets under this will as witnesses. It is preferable to have 3 adult witnesses. All the witnesses must observe you sign the will, have you tell them you signed the will, or have you tell them the will was signed at your direction in your presence.

STATEMENT OF WITNESSES

We sign below as witnesses, declaring that the individual who is making this will appears to be of sound mind and appears to be making this will freely, without duress, fraud, or undue influence, and that the individual making this will acknowledges that he or she has read the will, or has had it read to him or her, and understands the contents of this will.

______________________________________________

(Print name)

______________________________________________

(Signature of witness)

______________________________________________

(Address)

______________________________________________ ______________ ______________

(City)(State) (Zip)

______________________________________________

(Print name)

______________________________________________

(Signature of witness)

______________________________________________

(Address)

______________________________________________ ______________ ______________

(City)(State) (Zip)

______________________________________________

(Print name)

______________________________________________

(Signature of witness)

______________________________________________

(Address)

______________________________________________ ______________ ______________

(City)

(State)

(Zip)

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DEFINITIONS

The following definitions and rules of construction apply to this Michigan statutory will:

(a)"Assets" means all types of property you can own, such as real estate, stocks and bonds, bank accounts, business interests, furniture, and automobiles.

(b)"Descendants" means your children, grandchildren, and their descendants.

(c)"Descendants" or "children" includes individuals born or conceived during marriage, individuals legally adopted, and individuals born out of wedlock who would inherit if their parent died without a will.

(d)"Jointly held assets" means those assets to which ownership is transferred automatically upon the death of 1 of the owners to the remaining owner or owners.

(e)"Spouse" means your husband or wife at the time you sign this will.

(f)Whenever a distribution under a Michigan statutory will is to be made to an individual's descendants, the assets are to be divided into as many equal shares as there are then living descendants of the nearest degree of living descendants and deceased descendants of that same degree who leave living descendants. Each living descendant of the nearest degree shall receive 1 share. The remaining shares, if any, are combined and then divided in the same manner among the surviving descendants of the deceased descendants as if the surviving descendants who were allocated a share and their surviving descendants had predeceased the descendant. In this manner, all descendants who are in the same generation will take an equal share.

(g)"Heirs" means those persons who would have received your assets if you had died without a will, domiciled in Michigan, under the laws that are then in effect.

(h)"Person" includes individuals and institutions.

(i)Plural and singular words include each other, where appropriate.

(j)If a Michigan statutory will states that a person shall perform an act, the person is required to perform that act. If a Michigan statutory will states that a person may do an act, the person's decision to do or not to do the act shall be made in good faith exercise of the person's powers.

ADDITIONAL CLAUSES

Powers of Personal Representative

1.A personal representative has all powers of administration given by Michigan law to personal representatives and, to the extent funds are not needed to meet debts and expenses currently payable and are not immediately distributable, the power to invest and reinvest the

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estate from time to time in accordance with the Michigan prudent investor rule. In dividing and distributing the estate, the personal representative may distribute partially or totally in kind, may determine the value of distributions in kind without reference to income tax bases, and may make non-pro rata distributions.

2.The personal representative may distribute estate assets otherwise distributable to a minor beneficiary to the minor's conservator or, in amounts not exceeding $5,000.00 per year, either to the minor, if married; to a parent or another adult with whom the minor resides and who has the care, custody, or control of the minor, or to the guardian. The personal representative is free of liability and is discharged from further accountability for distributing assets in compliance with the provisions of this paragraph.

Powers of Guardian and Conservator

A guardian named in this will has the same authority with respect to the child as a parent having legal custody would have. A conservator named in this will has all of the powers conferred by law.

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