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How to write your own Will (and why you shouldn’t)

How to write your own Will (and why you shouldn’t)

Episode 50 Published 4 months, 3 weeks ago
Description

What You’ll Learn in This Episode

What a Holographic Will Is

  • A handwritten Will, entirely, or mostly, in the testator’s handwriting, signed and dated
  • Allowed in some states, including Michigan
  • Often valid on paper, messy in reality

Michigan’s Requirements (for validity)

A handwritten Will is valid in Michigan if it:

  1. Is dated
  2. Is signed by the testator
  3. Has material portions in the testator’s handwriting

That’s the bare minimum, not a guarantee that the document will do what you think.

What a Will Actually Controls

Not everything you own is governed by your Will. Some assets bypass probate entirely.

Assets controlled by your Will:

  • Individually owned property without a beneficiary designation

Assets that bypass your Will:

  • Jointly owned property
  • Retirement accounts with beneficiary designations
  • Assets with payable-on-death instructions

Example: A 401(k) will follow the beneficiary designation, even if your Will says otherwise.
If you want a change, update the form. Your Will does not override it.

How to Structure a Handwritten Will (in an Emergency)

Jill walks through a step-by-step handwritten format, including:

  • Clear declaration of intent
  • Definition of “Property” to simplify later references
  • Appointment of an Executor and successor
  • A single beneficiary and a clear backup
  • A default clause referencing intestacy laws

Plus a final affirmation sentence to prevent challenges to handwriting authenticity

When Notarizing Helps

  • Not required in Michigan
  • But adds credibility and makes it harder to dispute the signature
  • Requires a notary “block” with specific language

Why Complexity Is the Enemy of DIY Wills

The episode offers six pitfalls that almost always blow up handwritten Wills:

  • Gifts to minors
  • Attempting to create a trust
  • Gifts to individuals that interfere with eligibility for government benefits
  • Multiple beneficiaries
  • Joint ownership of sentimental items
  • Emotional or poetic language

DIY Wills explode when they try to do too much.
If you must write your own, keep it brutally simple.

Resources & Links

Visual guide: Probate vs. Non-Probate Assets

Sample language for a Michigan handwritten Will

Episode 36: When Transfer-on-Death Deeds Promise to Avoid Probate but Create Chaos

Episode 38: Why You Need (or Don’t Need) a Will

Estate Plan Audit — Translate your lawyer-written Will into English and verify whether it does what you think: www.deathreadiness.com/audit

Connect with Jill:

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