At Axis Estate Planning, we often hear the same phrase:
“I just need a simple will.”
It’s an understandable request. You want something straightforward—an easy way to ensure your belongings go to the right people when you’re gone. But in today’s world, simple doesn’t always mean secure—and in many cases, a so-called “simple will” can create more problems than it solves.
Without proper planning, a will alone may lead to confusion, delays, unexpected expenses, or even unintentional harm to your loved ones—especially those receiving government benefits.
What a Will Does—and What It Doesn’t
A will is a legal document that outlines your wishes for distributing your assets after death. It names an executor, identifies beneficiaries, and specifies who receives what.
However, there are several things a will does not do:
- It does not avoid probate
- It does not offer any authority during your lifetime
- It does not protect your home or savings from the cost of long-term care
- It does not resolve potential family disputes over medical or financial decisions
A will may be a necessary part of your plan—but it should never be the whole plan.
Probate and Incapacity: The Hidden Risks
Many people assume that a will means their estate will be handled quickly and privately. Unfortunately, the truth is often the opposite. Probate—the legal process of validating a will—can be time-consuming, expensive, and public. Even a properly executed will can result in your family waiting months or longer before they’re able to access what you’ve left behind.
Just as importantly, a will offers no protection during your lifetime. If an illness or accident leaves you unable to manage your affairs, your will has no authority to help. It cannot name someone to pay your bills, manage your property, or make medical decisions on your behalf.
To truly prepare for the unexpected, additional documents are necessary—such as powers of attorney, advance healthcare directives, and guardianship instructions for minor children.
The High Cost of Long-Term Care
More and more families are confronting the financial realities of long-term care. A will won’t protect your assets from being spent down to cover nursing home costs. Without proactive planning—especially through tools like trusts and Medicaid strategies—many people lose their life savings before their heirs see a single dollar.
Trusts: Not Just for the Wealthy
In the past, trusts were often viewed as something only the very wealthy needed. Today, that mindset has shifted—for good reason.
A properly drafted and funded trust can:
- Bypass the probate process entirely
- Appoint someone to manage your assets if you become incapacitated
- Help protect assets from long-term care costs
- Maintain privacy by keeping your affairs out of court
- Control how and when your beneficiaries receive their inheritance
Trusts can bring clarity, control, and peace of mind—regardless of your income or the size of your estate.
Real Simplicity Comes from Thoughtful Planning
At Axis Estate Planning, we believe simplicity is about more than just filling out a form. It’s about clarity. It’s about giving your family a plan that works—without confusion, delay, or unnecessary risk.
If you’re considering a “simple will,” let’s talk. We’ll help you understand what’s truly needed to protect your legacy and ensure your loved ones are supported every step of the way.
Visit Us: 900 Wilshire Drive, Suite 105, Troy, MI 48084
Call Us: (248) 251-1001
Learn More: www.axisattorneys.com
