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One of the reasons why I became interested in estate planning was personally experiencing the huge impact of not having a proper estate plan and how it affects your loved ones. For me and my family, we were not dealing with the passing of a loved one, but when a family member was no longer capable of managing her own financial affairs, we needed a power of attorney. But it was too late to get something in place at the time we needed it because she no longer had the mental c
If you have made the decision that the time is now to protect yourself and your family by creating your estate plan, that’s great! Now it’s time to decide if you will use a Last Will and Testament or a Trust to protect your family. When deciding which estate planning tool to use, it’s important to know what a Last Will and Testament won’t do. 1.) A Last Will and Testament Won’t Avoid Probate: A Last Will and Testament will not avoid the court process called probate. Unfor
As an estate planning attorney, I want to make sure clients are very clear on the consequences of not having a plan in place. Most people assume that things will work out and that their assets will automatically go to the people they would choose. But unfortunately, most people assume WRONG! In the state of Georgia, if you die without a will, there are laws called “intestacy” laws that will determine who inherits your property. If you died without leaving written instructi