Cartersville, GA Estate Planning Lawyers Assisting Clients With Asset Protection
If a person in Georgia dies intestate, which means without having a will, then the state court decides who receives their assets. Making an estate plan allows you to designate where your money and property will go after your death. You can provide for your family’s future and ensure your family members receive your property according to your wishes. A living will outlines your choices for end-of-life and health care, so your wishes will be honored, and your family will not be subject to excessive medical bills. The attorneys at Georgia Wills, Trusts, and Probate Firm, LLC can guide you in the process of planning your estate and protecting your assets.
Can You Ensure Your Assets Stay Within Your Family?
By creating a will with named beneficiaries, you can avoid problems or disputes about who should receive your money and property after you pass away. Naming a trusted executor to be in charge of your estate administration is also key. They will handle any financial obligations you may have, such as debts, then they will distribute the remaining assets according to the terms of your will. There are other options you can use in place of or in addition to a will, such as revocable living trusts and joint property ownership. A law firm can counsel you on what options are best for asset protection in your situation.
Can You Afford to Create an Estate Plan?
While there are upfront costs to making an estate plan, it will likely be cheaper for your family in the long run. When you hire an attorney to counsel you, you can choose exactly how much help you require with the process. The main benefit of having an attorney assist you is their extensive knowledge of the law and how it may impact your situation. With this knowledge, they can help you avoid legal issues in the future that could prove to be costly and time-consuming.
What Life Events Require a Change in Your Estate Plan?
As your life changes, so should your plan. A good attorney will build an ongoing relationship with their clients so you can contact them to reexamine your estate plan whenever there is a major change in your life. Marriage, divorce, starting a business, buying a home, or the death of a loved one can all be considered major life changes. If you don’t update your plan as these events occur your plan can become out of date which can lead to complications in probate court and more expense and stress for your loved ones.
Why Hire an Estate Planning and Probate Attorney?
When you hire an attorney who has a practice in your state, they have strong familiarity with tax and probate laws which could affect your plan. At Georgia Wills, Trusts, and Probate Firm, LLC, we understand the nuances of Georgia estate planning. Our attorneys can help you meet your asset protection goals and make estate administration as simple as possible for your loved ones so you can rest easy. Call us now to find out how we can assist you: (770) 758-6832.