Many retirees may not see the need for estate planning<\/a>. After all, their financial resources are\u00a0minimal,\u00a0their home is paid off, and everything they do own\u00a0will go to the kids with a little left over for their favorite charity.<\/p>\n Retirees often don’t understand the importance of estate planning, especially if they think their financial resources are too minimal to warrant it.<\/p>\n<\/div>\n No doubt, if you do have a will,\u00a0you have\u00a0included\u00a0specific instructions on how to distribute your assets and personal belongings. For sure,\u00a0a will is a critical component to your estate, and most preferable to\u00a0dying without one. The latter example is called dying intestate,\u00a0<\/em>and for Michigan residents, the assets<\/a>\u00a0are\u00a0passed on to your closest relatives; this, as per the state’s\u00a0\u201cintestate succession\u201d laws.<\/p>\n Obviously, without a will you will not be able to allocate assets, or your\u00a0belongings to specific family members.<\/p>\nDon\u2019t die \u2018intestate\u2019 (without a will)!<\/strong><\/h1>\n
Estate planning is more than just having a will…<\/strong><\/h1>\n