A Will or a Revocable Living Trust allows you to do the following:
1) You name who will act as the Personal Representatives or Trustees, and their responsibilities are to administer the Will or Revocable Living Trust. Their duties are primarily financial tasks.
2) You are able to have your own distribution plan at the time of your death. You answer the three “Ws”: Who receives What and When do they receive it. Without a Will or Revocable Living Trust, the State of Michigan has given you a distribution plan for your assets at death, and this distribution plan is set forth in the intestate laws of the State of Michigan.