Wills are not just for elderly Georgians who have substantial wealth. Wills and estate planning are also essential for Georgia parents of any age. It is especially important for young Georgia parents to have an estate plan to establish a guardian for any minor children.
Many residents in Atlanta and around the state use wills and trusts to transfer assets after death, but confusion about the function of each document is common. An experienced Georgia estate planning attorney can help guide individuals through the estate planning process and draft the appropriate document for a client's unique situation.
Many Georgia residents use wills and trusts to help plan their financial affairs and pass their wealth to family and friends. Although a typical will leaves money to living relatives and a trust may establish an education fund for future generations, one wealthy industrialist's estate plan is providing for his descendents in an unusual manner.
Did you know that Georgia has an estate plan in place for you even if you do not sign a will? Although this default estate plan may work for some families, problems are very likely for individuals who die without an estate plan in place.
Iconic movie star Elizabeth Taylor's death last week is a reminder of the importance of a solid estate plan. The Academy Award winner was known for her many films, husbands, and extensive jewelry collection. Taylor is also remembered as the first major Hollywood star to join the fight against HIV/AIDS.
The former lead singer of the popular Georgia band "Atlanta Rhythm Section" died last week of heart failure. The 60-year-old singer led the Atlanta Rhythm Section in the 1970's through a string of hits that includes "I'm Not Gonna Let It Bother Me," "Imaginary Lover ," "So Into You," and "Champagne Jam," the Atlanta Journal-Constitution reports.
A common misperception about wills is that wills are documents that only elderly people sign to pass property to their heirs. While wills are often used for those purposes, wills are also important for young parents as well.
The Georgia Supreme Court heard oral arguments on Valentine's Day for a heated will contest between the family of millionaire businessman Harvey Strother and his mistress, Anne Melican.