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Self-Proving Wills: Another Reason to Update Your Will
Has it been a long time since you last updated your will? Has it been 15 years? Longer? As previously discussed, there are numerous changes in one’s circumstances that warrant updating a will. Another reason to update your will is related to when it comes time to admit your will for probate after you die. …
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Regularly Updating Wills: A Regular Necessity
Is regularly updating your will just as important as seeing your physician each year? No, but just like never seeing your doctor, not revisiting your will can result in adverse consequences for your estate planning. Any changes to your family can invalidate your previous will to an extent. This includes having or adopting additional children, …
A Power of Attorney: A Way to Avoid a Costly Court Battle
In the event of a loved one becoming incapacitated in Georgia, many people have to resort to seeking the appointment of a Guardian and Conservator through a formal petition in a local probate court. Currently, this involves a process where family members must draft and file a petition setting forth the grounds for guardian and …
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Using a Will to Appoint a Guardian for your Minor Children
As mentioned in an earlier post, even though a couple may not have enough assets that could warrant a great deal of estate planning, if you have minor children, it is still extremely important that you get a will done. With a last will and testament, you can designate who will serve as guardian of …
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Joint Accounts and T.O.D.’s: A Means to Avoid Probate (cont.)
Continued from our previous blog entry, another great way to keep your assets out of probate is to take advantage of Joint Accounts and Transfer on Death Clauses. Typically, joint accounts tend to be checking or savings accounts at financial institutions that list two (or more) people as holders of an account. Upon the death …
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Joint Real Estate Property: A Means to Avoid Probate
Couples going in together to purchase a home: a common and important milestone in any relationship. Unfortunately, the wording for the purchase of that home can have unintended consequences, especially when one in the couple dies. Most couples buy a home believing that the home will simply pass on to the surviving person in the …
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