Are there any limitations on what I can give away in a will?

Yes, there are limitations on what can be given away in a will in the state of Michigan. The state has certain laws that must be followed in order for a will to be legally binding. Generally, the law requires that the person making the will (the testator) must be at least eighteen years of age and of sound mind and body when the will is created. The law also states that certain assets must be distributed according to the laws of the state, rather than the directions given in the will. Generally, these assets include real estate, bank accounts, personal property, and stock. Depending on the size of the estate, these assets may need to be divided among the testator’s heirs and/or beneficiaries. In addition, a will must comply with certain other requirements in order to be legally binding, including that it be in writing, signed, and witnessed by two people. Further, the will must be executed in the presence of the testator and the witnesses. Finally, the Michigan law sets limits on gifts and bequests, meaning that the testator cannot give away an unlimited amount of money or property. Gifts to family members are limited to $10,000 or less, and non-family members may receive gifts of up to $300. Gifts of cash or property beyond these limits must receive approval from the court.

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Are there any limitations on what I can give away in a will?

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