WHAT IS A WILL ?
A will is a document which states your intentions after their death. It will typically contains a number of provisions which include distribution property, payment of debts, the name of a personal representative, the name of a guardian for minor children, the name of a conservator for minor children, and the type of probate (supervised or unsupervised). If a person dies without having prepared a will, than a person's assets will be distributed to his beneficiaries pursuant to the intestate probate code and not necessarily what you want. The probate code provides for distribution of a person’s estate based on how close in affinity his relatives are to him (wife, children, grandchildren, brothers and sisters, and then the parents of the deceased). A probate court judge supervises the payment of bills and distribution property to assure that the distribution by the personal representative is pursuant to the will or the intestate statute. Every Michigan probate court will keep a person's will in the court's vault for small fee. This is called safekeeping. It is done by giving your original will to the probate court clerk. If you want to change your will, you can go to probate court and remove your will from the court's safekeeping (you must show proper picture ID).
WHAT IS A LIVING WILL?
A living will is a document which states a your intentions not to be placed on life support systems if there is no likelihood that you will ever lead a functional life in the future.