Do I Need an Atlanta Lawyer to Prepare a Will in Georgia?
A Georgia will is a document which dictates how the properties and assets of a GA resident are to be dispersed after their death. The property of the deceased will be distributed according to GA state laws of intestacy unless a will is provided.
The word “intestacy” means that the person who died either didn’t have a will, or their will only applied to a limited portion of the person’s estate. In these cases, the deceased individual has what is called an intestate estate.
Many Georgians make the mistake of writing out how they want their property and assets to be handled and distributed after their death, without following the state guidelines which are required for a valid will. (It is important to note that holographic wills are not valid in Georgia).
Wills can be simple or complex, depending on the needs of the testator (the one who is declaring their last will and testament), but they must follow Georgia state law in order to avoid intestate distribution of property and assets.
Should Young People Have a Will?
There is a misconception that wills are only for the elderly. Wills can be important for the young as well. A couple may decide that a certain amount of the property should go to their children, so that after a contested divorce a future spouse would not be able to take money that would otherwise go to the support or education of the original children.
Or the couple may decide to set up an education fund for their children. Atlanta family lawyer Nancy Ghertner will discuss the many asset disbursement options you have in the state of Georgia.
How Can I Avoid Excessive Taxes on My Assets?
It is important to note that wills can be used to disperse assets in a manner which would minimize estate taxes. Wills should be updated at every major change in life (marriage, the birth of a new child, divorce, or death of a named beneficiary).
Related items of interest are the living will and powers of attorney (advanced directives) that help determine who makes decisions about the healthcare or finances of the individual should he or she become incapacitated. To set up a consultation with Nancy Ghertner, Atlanta wills lawyer, for help with planning call 770-980-9096.
Nancy has been helping individuals and families protect and pass on their businesses, homes, and financial accounts for almost 30 years.
Atlanta attorney Nancy Ghertner’s family law office is located in Sandy Springs, GA at the top of the perimeter, on Sandy Springs Circle.