Did you know that if you die without a Will, Georgia law will determine who gets your property?
When you do not have a well-prepared Will or Trust, the administration of your estate may be complex, costly and may be handled by someone not of your choosing.
Without having the proper documents in place, property and assets you own at the time of your death will pass according to Georgia law, not according to what your wishes would have been.
You run the risk that your loved ones may incur extra administration costs, unnecessary taxes or squabbling among your heirs.
Planning your estate may involve:
- buying insurance
- creating a Will
- creating a Living Trust
- creating a Health Care Directive
- drawing up a General Power of Attorney or one designed to specifically address real estate or financial transactions
- the designation of a guardian for minor children
- naming an executor to oversee the terms of the Will
- setting up funeral arrangements
- establishing annual gifting to reduce the taxable estate.
At minimum, all estate plans should include two important instruments:
- a Will
- a HealthCare Directive
The team at Kendrick & Mahan, Attorneys at Law have vast experience in the preparation of all estate planning documents. We also assist clients who need to probate the estate of a loved one as well as representation of those needing guardianship and conservatorship assistance with incapacitated adults and minors.