You have worked hard for your money and care about your family, so why would you want the local laws to dictate who gets part of your estate when you pass away? Even if certain relatives are in line to inherit your assets, they may not be your choice of heirs. By having a valid Will and estate plan, you can specify how your estate is transferred and who will inherit your assets after your death. Before you get started, however, there are many questions about estate planning in Georgia that you will most likely need answered—questions such as:
- When is the best time to create a Trust or a Will?
Anyone with any assets and real estate property should create an estate plan. If you haven’t created one and you have children or more than $100,000 in assets, you definitely should consider estate planning in Georgia.
- Do I need both a Will and a trust?
Yes, it is beneficial to create both a Living Trust and a Will, because otherwise you risk having some property fall into probate.
Although the two are similar, the living trust only covers property you transferred in writing to the Trust, and a Will does some things a Trust cannot.
- What exactly should I know about the probate process?
Upon death, your estate will go through the probate process to pay the outstanding debts you owe and to transfer the remaining assets to your beneficiaries. Property left through a Trust does not have to go through probate, saving your family time and money.
Help Is Here for Your Estate Planning Needs
Whether you have questions about estate planning, Last Wills, Living Trusts, or other estate matters, you should be able to find answers to most of your questions here on this website. There are library articles, blogs, and frequently asked questions and answers that you can search through to provide you with more information about the estate planning process. If you don’t find what you are looking for, we invite you to call the Law Offices of Shane Smith for a consultation at (770) 487-8999.
Estate Planning—Tailored to Your Needs
The ever-evolving tax laws make estate planning increasingly important. While some people may need only a basic Will, other people will benefit from Revocable Living Trusts and advanced estate planning to address their goals and needs. For your estate planning matters, attorney Shane Smith can help tailor an estate plan to your needs while minimizing estate taxes. Because there is no guarantee that a court will distribute your property as you would like, you should meet with an estate planning lawyer to have your wishes captured in a legal document.
In addition to estate planning, attorney Shane Smith handles cases involving:
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