Marietta Estate Planning Lawyers Helping Families in Georgia Plan for Their Future
Are you concerned about what will happen to your assets and loved ones when you are gone? If so, you are not alone. Many people put off estate planning because they find the process daunting or do not fully understand it. However, at Georgia Wills, Trusts, and Probate Firm, LLC, our experienced Marietta estate planning lawyers can help you navigate the process and ensure that your wishes are carried out according to your specifications.
Some of the ways in which we can assist you with your estate planning needs include:
Drafting wills: A will is a legal document that allows you to specify how you would like your assets to be distributed after you die. If you do not have a will, the state of Georgia will determine how your assets will be divided, which may not be in accordance with your wishes.
Crafting trusts: Trusts are legal entities that can hold assets on behalf of beneficiaries. There are many different types of trusts, each with its own purpose. For example, some trusts are designed to provide for minor children or disabled family members, while others are used to minimize taxes or avoid probate.
Designating powers of attorney: A power of attorney gives another person the authority to make financial and/or medical decisions on your behalf in the event that you are incapacitated.
These are just a few of the ways of many in which we can assist you with your estate planning needs. To learn more about how we can help you, contact us today to schedule a free consultation with one of our experienced attorneys.
What Goes Into an Effective Estate Plan?
When it comes to estate planning, there are a lot of factors to consider. It’s not just about putting together a will – although that is an important part of it. An effective estate plan takes into account your overall financial situation, your family dynamics, your health status, and more. Here are some of the key elements of an estate plan:
1. A will: This is perhaps the most well-known element of an estate plan. A will allows you to specify how you want your assets to be distributed after you die. Without a will, state laws will determine how your property is divided up – which may not be how you would have wanted it.
2. Health care power of attorney: This document names someone to make medical decisions on your behalf if you are unable to do so yourself. This can be used in conjunction with a living will, which outlines your preferences for end-of-life care.
3. Trusts: Trusts can be used for a variety of purposes, such as avoiding probate, minimizing taxes, and protecting assets from creditors. There are many different types of trusts, so it’s important to work with an experienced estate planning attorney to determine which type is right for your situation.
Ultimately, your situation is unique. We will tailor our approach to your specific needs and goals. Contact our office today to schedule a consultation.
What Common Mistakes Do People Make When Creating an Estate Plan?
When it comes to estate planning, mistakes can be costly. Here are some of the most common mistakes people make when creating an estate plan:
- Not having a will or trust in place: One of the biggest mistake people can make is not having a will or trust in place. Without a will or trust, your assets will be distributed according to state law, which may not be how you would have wanted them to be distributed.
- Failing to update your will or trust: Your will or trust should be reviewed and updated regularly, as your life circumstances change. If you don’t update your will or trust, your assets may not be distributed the way you want them to be.
- Not naming an executor for your estate: An executor is the person who is responsible for carrying out your wishes after you die. If you don’t name an executor, the court will appoint one for you.
What Can an Estate Planning Lawyer Do for Me?
When most people think of estate planning, they think of drafting a will. But a will is just one part of a comprehensive estate plan. An estate planning lawyer can help you create a holistic plan that meets your unique needs and protects your assets.
An estate planning lawyer can help you:
- Draft a will or trust
- Plan for incapacity
- Minimize taxes
- Manage digital and real assets
- Assist the executor according to your wishes during probate
Our estate planning lawyers will work with you to understand your unique circumstances and create a comprehensive estate plan that meets your needs. Contact us today to schedule a consultation.
Contact Georgia Wills, Trusts, and Probate Firm, LLC Today!
Estate planning is an important process that everyone should go through. However, it can be complex and confusing. Our experienced estate planning lawyers can help make the process easier for you. Contact us today to learn more about our services and how we can help you protect your future by calling (770) 795-4992.