Good planning may be key to Georgia estate administration

Many people in Georgia and other locations across the nation tend to avoid discussions that involve their own mortality. Generally speaking, people would rather focus on living than dying, and many well-intentioned persons think they have all the time in the world to plan their estates. However, it may be that a key factor toward successful estate administration is in the planning. Some say that a poorly planned estate can be as damaging as having no plan at all in place at the time of one's death.

Apparently, a crucial aspect of successful estate administration lies in carefully choosing a successor trustee. The person chosen should be able to withstand the potential business and emotional strains of the position. Additionally, careful consideration should go into a plan for how assets will be divided among one's beneficiaries.

Heated disputes, contested wills and crumbling familial relationships have been known to result from the estate administration process when a plan was poorly crafted. This may be especially pertinent in situations in which the deceased were wealthy. It is good to know that an estate plan can be amended; in fact, it is recommended to periodically review one's plan to make certain it is up to date and reflects any upgrades necessary due to marital changes, income fluctuations or the need to change the appointed trustee or guardian of one's children.

Anyone with questions about estate administration in Georgia may seek answers by contacting an experienced probate and estate administration attorney in the area. An attorney who has successfully settled other estates understands the intensely personal nature of such situations. Appropriate legal guidance can mean the difference between a well-crafted or poorly designed plan that can have a significant impact on the administration process.

Source: theunion.com, "Frederick Fisher: 5 key decisions when putting together your estate plan", Frederick Fisher, April 24, 2016

No Comments

Leave a comment
Comment Information

Mr. Teiger, Thank you very much for your time and results. I will definitely recommend you & your firm to anyone who wants to be treated professionally courteously and needs results.Hope all is well.Again...thank you. Regards, Paul L.

msg iconEmail Us For a Response

When you have legal questions or concerns, contact our team at Teiger Law Center, P.C., by calling 678-374-7645, 800-780-2275 or reach us via email by completing our online contact form. From our Cumming and Alpharetta law offices, we represent clients in the Atlanta metro and throughout north Georgia.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cumming Office
514 West Maple Street
Suite 101
Cumming, GA 30040

Toll Free: 866-726-2153
Phone: 678-374-7645
Fax: 770-406-8858
Cumming Law Office Map

Alpharetta Office
12600 Deerfield Parkway, Suite 100
Alpharetta, GA 30004

Toll Free: 800-780-2275
Phone: 678-374-7645
Fax: 770-406-8858
Map & Directions

Review Us