A Last Will & Testament outlines what happens with your body (burial, cremation). Most Wills also say something about guardianship for your minor children.
While not every estate plan will center on a Last Will & Testament, they are a critical item to consider, in addition to trusts and other options.
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It depends. It depends on your goals going into estate planning. The who, why and what. (Questions your attorney should be asking you before you plan…) In this instance: Who are you protecting? Your young kids. What are you protecting? Monies you want your children to use for education (college, graduate school, etc.) A trust protects the money you…
“What Happens If I Am In the Middle of a Divorce and My Spouse Dies?” Short answer: Divorce proceeding ends because the marriage ended at the death of the person. Long answer: There still needs to be decisions about the money, things, property, and children. Now all these decisions are made in probate…
If you are married, you may assume you will get everything if your spouse passes away. Here in Georgia, if your spouse doesn’t have a Will that may not actually be true. Why? Because your spouse died intestate. (a.k.a. without a Will). There are special rules that apply when someone dies without a will. These…
Did your estate planning attorney ask you these three things before they signed you up? Why? Who? What? If not, your estate plan may not be the right plan for your kids. For your family. Wills and trusts work for you when you die or are critically injured/ill and cannot manage your own decisions. It’s too late to…