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When a resident of Georgia or a non-resident owning property dies, the law prescribes possible steps to take depending on whether the decedent left a will. The procedures available when there is a will were summarized in our previous post.
Steps to take when a dead person has a will, P.2
Steps to take when a dead person has a will, P.1
There are a variety of procedures available in court in Georgia to deal with the disposition of the property of a dead resident, or the death of a non-resident who owns property.
Common mistakes in estate planning, P.2
In our previous post, we began looking at a recent article discussing common mistakes in estate planning. As we noted, among the most common are: selecting an improper trustee, executor, or guardian; improper beneficiary selection; poor distribution of personal property; and failing to elect powers of attorney.
Common mistakes in estate planning, P.1
Estate planning can be a fairly involved process, depending on the size of your estate, your goals, or complicated family dynamics. For others, estate planning can be a relatively straightforward process. In either case, it is possible to make mistakes.
Advance health care directive a basic estate planning tool
Advance health care directives are a wonderful tool for preparing for incapacity, and to ensure that your personal care and medical treatment are handled the way you would want them to be. Our readers are familiar with the major stories that come out now and again where a family cannot agree on the wishes of an incapacitated patient. A health care directive is also an important way to avoid such conflicts.
Now may be a good time to look into estate planning options
Estate planning is not necessarily a conversation people are excited to jump into. Thinking about finances, providing for one's family, and of course death can be discomforting and stressing for some. One good piece of news, however, is that the present environment is very favorable for estate planning, particularly for elderly individuals who may die in the next year.
Avoid family conflict and estate planning, P.2
In our previous post, we began discussing the importance of establishing an estate plan which is able to reduce the likelihood of causing family conflict when you die or when you fall into a serious illness. Folks that fail to plan properly for these things may find the family up in arms when it comes time to make difficult decisions.
Avoid family conflict and estate planning, P.1
Avoiding family conflict is an important goal in estate planning. Sometimes this is difficult to do, perhaps nearly impossible in some families. But there are a number of steps you can take in your estate planning that will certainly reduce the likelihood of conflict popping up later.
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