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Explaining the reasons for an estate plan to family members

A Georgia resident who is making an estate plan might want to think about whether their intentions will be understood and followed by family members. While an estate owner could have a will, financial powers of attorney and trusts, there could still be conflict between loved ones.

How to decide who plans the funeral

While no one wants to think about their mortality, it is worthwhile for Georgia residents to know their options when it comes to planning their funerals. For instance, it is acceptable to put funeral instructions in a will. It is also possible to use a planning declaration to assign someone to oversee the event. Typically, the person who creates the document is allowed to include as many or as few details as he or she wants.

When a digital estate plan is needed

Georgia residents who have digital assets ranging from email and social media accounts to domains to cryptocurrency accounts might want to consider a digital estate plan to accompany their regular estate plan. The first step in creating this plan is to make a list of all digital assets and how to access them, including passwords.

Estate plan guidelines for childless individuals

Georgia parents may not experience significant consequences if they die without a will. In most cases, their assets would go to their spouse or their offspring. Typically though, parents leave assets to their children in a formal estate plan. However, if a person doesn't have children, dying without a will or other estate plan documents could be problematic. This may be true whether a person is single, living with a partner or married without children.

How to prevent loved ones from contesting my will

Whether you are finally getting around to creating your estate plans or revising and updating them in Duluth, part of your goal should be to prevent disputes. Not everyone is going to agree with your final instructions. A poorly written will and estate plan can open the door for your loved ones to contest it. A contested will often comes at the expense of the estate.

Excluding a family member in wills

When in the process of estate planning in Georgia, a person is often left making difficult decisions. For some, it is not simply a matter of evenly splitting assets between children. Often, there are complex issues at play that could ultimately impact the creation of wills.

Wills and other components of a Georgia estate plan

Many people in Georgia spend a great deal of time planning for the future. They often take college classes to advance their future career and create a plan to save for retirement. Equally as important as this planning is the creation of an estate plan. While some people think only of wills, there are several important documents that often comprise such a plan.

Wills help Georgia estates of all sizes

Most people in Georgia and other areas of the country have seen a dramatic portrayal of a will being read on a television show or movie. Even though it is rarely the case that a rich relative leaves an unexpected inheritance to a family member, wills do play an important -- if less dramatic than in fictional portrayals -- role in the estate administration and probate process. Despite knowing the importance of such documents, many people feel that because their estate is small, they do not need to go through the estate planning process.

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