Do You or One of Your Parents Need a Will Contract?
When a Will Can (or Should) Actually Become a Contract
Before you say “no,” I encourage you to read the following true story:
You may argue that certainly they had mutual wills, which must be enforceable. To answer the question, you need to refer to Michigan law. The law states that you may enter into a contract to make a will or devise or not to revoke a will or devise or to die intestate. To be enforceable, you must have one of the following:
- A provision in your will stating (a) the material provisions of the contract, or (b) an express reference to a contract and extrinsic evidence proving the terms of the contract; or
- A writing signed by the decedent evidencing the contract.
It is important to note that the execution of a joint will or mutual wills can be revoked by either party at any time.
In other situations, a person may promise a family member, friend or caregiver that they will provide a certain bequest for them in their Last Will and Testament. For example, there are many cases where a person promises someone: “if you take care of me for the rest of my life, I will make a bequest in my Will of an amount of money to repay you for your services.” Unless the promise satisfies the requirement of the Michigan law, the promise is unenforceable.
The results are clearly unfair. Nevertheless, although the courts have sympathized with the promisee who may have devoted many years in caring for the other, the courts acknowledge that the law is clear, and the courts cannot rule otherwise.
In summary, if you or either of your parents are in a second marriage, or if you are laboring in exchange for a bequest when the decedent dies, you need to give serious consideration to a will contract. Even though a trust may protect you in certain circumstances, a will contract can be short and simple and prepared by your attorney at a lower cost.