Everyone in the state of Georgia should have a current Will and estate plan in order to decide how and to whom his or her hard-earned assets are distributed, to choose who is going to best take care of minor children and pets, and to hold property in trust when needed. No matter how much or how little money you have – you should make these important choices in a Will.
Trusts are usually included in Wills to ensure that children and people who are unable to handle money responsibly do not have immediate control of money they inherit. Trusts are also sometimes used to clarify and ensure good choices for blended families and to protect from future creditors.
Single people and those in committed non-marital relationships are especially vulnerable. You need to decide who will inherit from you – otherwise the law will arbitrarily determine your heirs and the probate court will appoint the people who will take care of your children and pets and who will administer your estate. It is vital that you prepare a Will so that your choices will be honored.
Elaine or Liz will meet with you and discuss your choices for executors, guardians for your children, beneficiaries of your property, trustees to manage your children’s money until they are able to handle the money themselves, and ways to reduce or eliminate estate taxes.