What Assets Should Be Included in Your Will? A Michigan Estate Planning Guide

June 26, 2026

What Assets Should Be Included in Your Will? A Michigan Estate Planning Guide

Creating a will is one of the most important steps in protecting your future and ensuring your wishes are followed after you pass away. For individuals and families in Michigan, understanding what assets should be included in your will can help avoid confusion, reduce disputes, and provide peace of mind.


At Arbor Law PLLC in Ann Arbor, Michigan, attorney Jay Mukerji works closely with clients to develop clear and effective estate plans tailored to their needs. Knowing what belongs in your will is the foundation of a strong plan that protects your loved ones and your legacy.


Why Your Will Matters in Michigan Estate Planning

A will is a legal document that outlines how your property and personal belongings should be distributed after your death. Without a valid will, Michigan intestacy laws decide who inherits your assets, which may not align with your wishes.


Working with a will attorney in Ann Arbor ensures your documents are properly structured and legally sound, helping you maintain control over your estate and avoid unnecessary complications in probate court.


Key Assets You Should Include in Your Will

When creating a will in Michigan, it’s important to think broadly about what you own. Many people underestimate the variety of assets that should be accounted for.


1. Real Estate

This includes your primary residence, vacation homes, rental properties, and any land you own in Michigan or elsewhere. If you want a specific person to inherit real estate, it must be clearly stated in your will.


2. Bank Accounts and Financial Assets

While some accounts may transfer automatically through beneficiaries, it’s still important to include:

  • Checking and savings accounts
  • Certificates of deposit (CDs)
  • Certain investment accounts

Clear instructions help avoid confusion during estate administration.


3. Personal Property

This category often carries sentimental value and includes:

  • Jewelry
  • Family heirlooms
  • Furniture
  • Artwork
  • Collectibles

Specifying who receives these items can prevent disputes among family members.


4. Vehicles and Boats

Cars, motorcycles, boats, and other titled vehicles should be addressed in your will, especially if they are not jointly owned or assigned through transfer-on-death designations.

5. Business Interests

If you own a business or hold shares in a company, your will should outline what happens to your ownership interest. This is especially important for small business owners in Michigan.


6. Digital Assets

Modern estate planning should also consider digital property, such as:

  • Online accounts
  • Digital currencies
  • Photos, files, and cloud storage
  • Social media accounts

Including instructions for digital assets helps ensure they are managed appropriately.


What Should Not Be Included in a Will

Some assets pass outside of a will and should be coordinated carefully in your estate plan. These may include:

  • Life insurance policies with named beneficiaries
  • Retirement accounts like IRAs or 401(k)s
  • Jointly owned property with survivorship rights

A will attorney in Ann Arbor can help you align these designations with your overall estate plan to avoid conflicts.


Common Mistakes to Avoid

Many Michigan residents unintentionally create issues in their estate plans by:

  • Failing to update their will after major life events
  • Forgetting to include newly acquired assets
  • Using vague or unclear language
  • Not coordinating beneficiary designations

These mistakes can lead to delays, disputes, or court involvement during probate.


Work with Arbor Law PLLC in Ann Arbor, Michigan

Estate planning is not just about documents—it’s about protecting your family, your wishes, and your future. At Arbor Law PLLC, Jay Mukerji helps clients create wills that reflect their unique circumstances and long-term goals.


Whether you are creating your first will or updating an existing plan, having the right legal guidance ensures everything is handled properly under Michigan law.


Schedule a Consultation Today

If you are ready to take the next step in your estate planning, Arbor Law PLLC is here to help. A properly structured will can provide clarity, security, and peace of mind for you and your loved ones.


Call 734-724-6260 to schedule a consultation with Arbor Law PLLC in Ann Arbor, Michigan, and start building a plan that protects what matters most.

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