Although the importance of the estate planning process may be obvious to some, for a variety of different reasons, many people in Georgia put it off for another day. This may be especially true for married couples with children as they expect that their estate will be divided according to state law, which may align with their wishes. While estate planning -- including the creation of wills -- is important for everyone, it can be especially beneficial for people who are not married or do not have children.
For some people in Georgia, the prospect of the estate planning process can seem daunting. However, they recognize the importance of completing the task and work to create the necessary documents. For many, this may include the creation of trusts. But once a trust is created, the work still is not complete; the creator of the trust, the settlor, must ensure that the trust is properly funded.