If you have not started preparing your will, it is past time to do so. By having a will in place, should you pass away, you will maintain control over what happens to your estate. For example, if you have a preference in regard to how your beneficiaries divide your property in Roswell, you should put it in writing. If you do not, a Georgia probate court will make the decision for you.
Georgia estate planners who choose to create an irrevocable trust have made a serious commitment. Essentially, they have decided to give up ownership of their trust property permanently in order to receive the benefits of an irrevocable trust.
When you create an estate plan, you hope that it will remain in place for many years to come.
It's hard to watch our parents grow older. Perhaps your mother and father are in their 80s, for example, and they're not able to do all the things they used to enjoy. Playing tennis on the weekends with dad doesn't happen anymore, and mom comes to spend an afternoon with her grandchildren she isn't able to stay as long.
When it comes to creating your legacy, there are many facets to consider. An estate plan is an excellent way to make your wishes known and provide for the people and causes near and dear to your heart.
The last thing that anybody wants to think about is the moment of their death. However, that's exactly what responsible Georgians do when they want to prepare for the future – especially when they're thinking about their families.