An executor's duties can be complicated. It can be challenging to ensure all beneficiaries and interested parties are adequately informed, find necessary documents, manage properties, pay debts and distribute an estate. You can make their work more manageable. Here...
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Estate Planning
Can you turn down the role of being an executor of a will?
An executor’s job is no easy feat. In Georgia, anyone at least 18 and of sound mind can assume the role. However, these qualifications do not entirely capture what it takes to fulfill expected duties. If someone chooses you to be their executor, it can weigh a great...
Why estate planning matters for young adults
Even if you are just starting out in life, you likely have some assets – a car, a savings account or personal belongings. Estate planning ensures that these assets go to the right people if something unexpected happens to you. It is a way to take control of your...
What does an executor actually do?
When creating your estate plan, you will have to name an executor. This is a crucial duty and one of the most important decisions you will make regarding this plan. But what exactly do executors do? What sort of responsibilities will they hold? An executor's duties to...
What does intestate mean?
When a person dies without creating a will, the state calls that dying intestate. It is essential to understand what this means for you specifically. Not having a will has many consequences and will greatly impact the administration of your estate. Who handles the...
Estate planning when you have land inheritance
A shockingly low number (30%) of individuals in the US have any form of estate plan. These individuals may think they have more time or they do not have the money or assets necessary to build a plan. However, if you have any form of land or property, e.g., you own...
Should people without children make estate plans?
People frequently create a will so they can leave an inheritance for their children. However, you might have no family of your own. Even so, there are sound reasons to create an estate plan. Not having children or a spouse does not mean that no one can benefit from...
Is a trust the missing piece for your estate plan?
Probate is often a track for a Georgia estate to travel. During the court process, however, your family may grow short of cash and patience for the payout. A trust account may become a viable option for your plan. Creating a multi-layered estate plan can help your...
Looking into the advantages of a special needs trust
If you have concerns about a disabled loved one's future, it is vital for you to do everything in your power to plan ahead. In fact, you could have the ability to support them via estate planning, and you should consider all of your options carefully. Special needs...
Who Should Know About Your Estate Plan?
It is vital that your family know about your estate plan now. If they find out later on, they could either be unprepared to execute their responsibilities, or they may be more likely to challenge it legally. Here is who you should tell about your estate plan. First, you should explain the choices that you have made to your heirs.…