Schedule Your Estate Planning Consultation OR "Don't Go Broke" Strategy Session 404-549-5001
125 Clairemont Ave., Suite 550,
Decatur, GA 30030
Schedule Your Estate Planning Consultation OR "Don't Go Broke" Strategy Session 404-549-5001
125 Clairemont Ave., Suite 550,
Decatur, GA 30030
If you become incapacitated without documents, your family has to petition a Georgia probate court for guardianship or conservatorship to get authority a signed document could have given them in an afternoon. If you die without documents, Georgia’s intestacy statute decides who inherits. Both are sl
A Health Care Power of Attorney lets someone you choose make medical decisions for you when you cannot make them yourself. In Georgia it is contained in the Advance Directive for Health Care, which also acts as your living will, giving guidance about life support in a terminal situation. Without one
Funding means actually transferring your assets into the trust: retitling the deed, changing account ownership, updating beneficiary designations. Creating the trust document is only half the work. An unfunded trust controls nothing, and the assets you left outside it go through probate exactly as i
Usually not. Georgia has a simplified process for transferring a vehicle after death, so putting a car in a trust rarely saves anything and can create insurance and registration friction. There are exceptions, particularly for high-value or collector vehicles, and for people who own vehicles in more
Many Georgia families do not, and some clearly do. A trust is worth it if you own real estate in more than one state, want privacy, have a beneficiary who should not receive money outright, or want somebody able to act immediately if you become incapacitated. If your estate is straightforward and ev
No. Because you keep full control and can revoke it at any time, the law still treats the assets as yours. A revocable living trust does not shield you from creditors, lawsuits, or long-term care costs during your lifetime, and it does not shelter assets from Medicaid. It is a probate and incapacity
Leave the inheritance in a trust rather than outright. Money your child owns is reachable by their creditors, exposed in their divorce, and available in their bankruptcy. Money held in a properly drafted trust for their benefit generally is not, because they do not control it.
You need a will either way. The real question is whether you also need a trust. A will alone is often enough where your estate is straightforward and everything passes in Georgia. A trust earns its cost where you own property in another state, want privacy, have a beneficiary who should not inherit
There is no single price, and any firm quoting one before understanding your situation is guessing. A basic will package costs less than a trust-based plan, sometimes considerably. What actually determines the figure is your family structure, what you own, whether real estate is involved, and whethe
Sometimes, and it is one of the easiest things to get wrong. Naming a trust as IRA beneficiary can be exactly right where a beneficiary needs protection, and it can accelerate taxes badly if the trust is not drafted for the purpose. This is a decision to make with your attorney and your tax professi
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