A last will and testament is a very flexible document that can be used to achieve a wide variety of estate planning objectives. A "simple last will and testament" may contain instructions for some or all of the following items:
A "complex last will and testament" can be used for other estate planning objectives, including:
Whether a will is "simple" or "complex", it can be used to achieve almost any estate planning objective. However, there are many challenges associated with drafting a will. For example, the distribution of property may change dramatically with a slight change of wording. Also, you must understand which items of property are covered by a will.
John P. Tamboer, attorney
Estate Planning Law Group
5088 Corporate Exchange Blvd.
Grand Rapids, MI 49512