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One goal of many Georgia residents when it comes to estate planning is to limit or eliminate the chances of fighting among surviving family members after they pass away. In many cases, a last will and testament will only get them part of the way to that goal. A revocable living trust could increase the chances of avoiding probate litigation.
Avoiding the chances of probate litigation with a revocable trust
Trust administration matters: Doing what is best for each child
Most Georgia parents want to treat their children the same when it comes to an inheritance since they do not want any child to feel that another is more "loved" or important. However, there are cases where doing what is best for each child means treating each of them differently. Fortunately, trust administration also allows parents to make arrangements for each child that will serve them in the best way possible.
Georgia's "pill mills" target of new laws
Georgia has something in common with the rest of America - a growing problem with the abuse of opiate drugs. As neighboring states like Florida tightened their restrictions on the pill mill industries operating openly out of strip malls all over the state, the purveyors of these prescription pills simply packed up their operations and moved north to Georgia.
Make estate administration easier when it comes to grandchildren
Grandchildren are a gift to many Georgia residents. If grandparents do not get the chance to watch them grow into adulthood, they might decide to leave them assets in their estate plans. How those arrangements are made could make estate administration easier for surviving family members.
Being charitable can lead to probate litigation by upset heirs
Many Georgia residents give to charities, non-profits and other organizations whose work they believe in during their lives. Estate planning also allows them to be just as charitable after death. However, some heirs and beneficiaries might not be happy with or understand those choices, which could lead to probate litigation.
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