The laws vary from state to state, but holographic wills are recognized in Michigan, so long as certain requirements are met. Our law office understands that estate planning can be complicated and every person’s situation is unique. Moreover, unexpected challenges in life can arise at any time, which may prompt people to make decisions that differ from their original plans. For example, someone may not have an estate plan and they may find out that they have a very short amount of time to live, prompting them to set up a holographic will. This also underlines the importance of planning ahead to be prepared for any unexpected events.
Holographic wills work out for some people, but there are various factors to consider. These wills do not always offer the best solutions for people in certain positions and in order for a holographic will to be valid, there are various requirements that have to be satisfied. In order to avoid some of these problems, people can have more confidence in their estate planning and the way in which their assets will be divided by having a solid estate plan in place before anything goes wrong.
Planning ahead is crucial, especially when it comes to your estate. By taking the time to prepare, you will be able to carefully go over all of your different options, whether you decide to move forward with another type of will or a trust. Our estate plan section covers more topics that are connected to holographic wills.