Understanding the Intricacies of Proper Georgia Estate Planning
Speak with a trusted Estate Planning lawyer in Marietta, Georgia.
Know the Georgia Estate Planning Basics
Creating an estate plan in Georgia is critical, no matter what stage of life you and your family are in. Learn the basics with Faulkner Law.
Estate planning in Georgia is an area of law that should be of interest to everybody since it includes preparing for the eventuality of one’s ultimate death. Estate preparing laws govern the process by which people document how they would like their assets divided upon their death, as well as their end-of-life preferences.
Many people avoid estate planning due to the uncomfortable nature of contemplating their death. Plus, they may feel their property is not substantial enough to warrant the attention and assistance of an attorney. They feel that it is something relegated to the needs of the wealthy or those in their golden years. Additionally, many couples presume that if they have kids, their children and loved ones will amicably divide their property among themselves.
If you do not make suitable legal preparations for the estate administration of your properties and affairs upon death or incapacity, Georgia’s intestacy laws will assume control. This can result in the disregard of your beneficiaries and cause outcomes you never intended. By speaking with an estate planning lawyer, such as those from Faulkner Law, you can prepare your documents to provide your loved one and children with peace of mind.
Contact a Reputable Lawyer for Estate Planning in Georgia
Choosing Between Estate Planning and Living Trusts
When deciding whether to take on the process of estate planning or setting up Living Trusts, it is wise to consult an advocate from a reputable law practice in Atlanta to help with the administration of your property and answer any questions you may have. Unlike a will, a trust instantly takes effect at the time in which it is written.
A Living Trust allows you and your partner to maintain the legal title to and control of your assets throughout your lives. The Trustees you name are tasked with the responsibility of carrying out your specified wishes upon your incapacity or death. It is revocable, permitting you to modify or end it, and likewise allows you to prevent or limit problems and costs associated with estate planning probate. A trusted law office and an experienced lawyer will identify the best choices. When looking for a trust and estate planning attorney, select one that will guide you with designating a guardian or conservator for your property so your family does not have to suffer through the costly and time-consuming process of probate court.
Checklist for Estate Planning Website and Search Terms
Estate Planning Guidelines for Executive Administration
Choosing a Power of Attorney
A durable power of attorney provides authority to make essential end-of-life choices, such as whether to stop artificial life support. The person given this authority needs to comply with the wishes specified in the living will. According to elder law, a Georgia durable power of attorney needs to be provided in writing, signed by the executor, and witnessed by two qualified adults who know the processes of estate administration and will planning.
Creating a Living Will or Healthcare Directive
Healthcare directives, also known as “living wills,” are legally binding files that state a person’s choices for medical treatment if they later become incapable of specifying these choices. If you do not desire to be kept alive through artificial respiration, you can specify this in your living will. Your healthcare professionals and those with power of attorney have to follow your wishes.
Georgia Estate Planning Council for Clients
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