If you are planning ahead and want to safeguard your estate, it is crucial to examine all of your options closely. Whether you want to set up a will or decide that a particular type of trust suits your needs better, it is pivotal to have a clear understanding of the steps that you need to take to set up an effective plan.
People often have many questions when it comes to wills, and you should familiarize yourself with how these documents work in Georgia.
A brief overview of wills
On Georgia.gov, you can find helpful information on creating a will. Wills allow people to declare their wishes with respect to the division of their property following their death. Without a valid will, Georgia law stipulates that one’s property goes to one’s relatives, such as one’s kids or spouse. The person creating the will (or someone designated by them) must sign the will, in writing, for the state to recognize its validity.
In addition, Georgia recognizes some wills created in other states as valid, so long as they satisfy certain conditions.
Important issues to review when writing a will
From identifying an executor to listing your assets and beneficiaries, you have many points to go over when setting up a will. You could have difficult decisions to make with regard to dividing property among beneficiaries, and it is crucial to address any areas of uncertainty. Furthermore, you should take a look at your will periodically, especially if major changes occur (such as the birth or death of someone in your family).