When you do not have a properly prepared Will or Trust, the administration of your estate may be:
- Complex
- Costly
- Handled by someone not of your choosing
RISKS OF DYING WITHOUT A WILL
Without having the proper documents in place the property and assets you own at the time of your death will pass according to Georgia law – not according to what your wishes .
You run the risk that your loved ones may incur extra administration costs, unnecessary taxes, or squabbling among your heirs.
COMPONENTS OF ESTATE PLANNING:
- Insurance
- Will
- Living Trust
- Health Care Directive
- General Power of Attorney or one designed to specifically address real estate or financial transactions
- Designation of a guardian for minor children
- Naming an executor to oversee the terms of the Will
- Setting up funeral arrangements
- Establishing annual gifting to reduce the taxable estate
THE TWO MOST IMPORTANT ESTATE PLANNING DOCUMENTS
- a Will
- a HealthCare Directive
The Estate Planning Attorneys at Kendrick & Associates Law have vast experience in the preparation of all estate planning documents:
- We assist clients who need to probate the estate of a loved one
- Represent of those who need guardianship and conservatorship assistance for incapacitated adults and minors