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Planning for the future is an essential aspect of responsible adulting. One of the most critical components of future planning is creating an estate plan. Many people believe that estate planning is only for the wealthy, but that’s not the case.
Control Over Your Assets
Creating an estate plan in Georgia gives you complete control over your assets, including who gets what after you pass away. You can specify which of your heirs gets what assets, how much they receive, and when they receive it.
Without an estate plan, the state of Georgia determines how your assets are distributed through probate. Creating an estate plan puts you in charge and allows you to make decisions that are in line with your values and wishes.
Reducing Estate Taxes
Estate taxes can be a significant financial burden on your heirs. Creating an estate plan in Georgia can help reduce or even eliminate these taxes. Estate planning tools such as trusts and gifts can help reduce the size of your estate and the amount of taxes owed.
Avoiding Probate
Probate is a legal process that determines how your assets are distributed if you don’t have an estate plan. Probate can be a long and expensive process, and your assets may not be distributed in the way you intended.
Creating an estate plan in Georgia can help you avoid probate and ensure that your assets are distributed according to your wishes.
Protecting Your Loved Ones
Creating an estate plan in Georgia can help protect your loved ones after you pass away. An estate plan can include provisions for guardianship of minor children, ensuring their care and well-being. It can also include provisions for the care of any pets you may have.
Providing for Charity
Creating an estate plan in Georgia allows you to provide for the causes and organizations that are important to you. You can include provisions for charitable giving in your estate plan, ensuring that your legacy continues long after you pass away.
Get Help Today & Contact Our Office To Consult With An Estate Planning Attorney
From drafting estate planning tools for you and required administration or the ability to financially secure your assets, and business. We will offer you the support and guidance you need at Hurban Law. The Information On This Website Is For General Information Purposes Only. Nothing On This Or Associated Pages, Documents, Comments, Answers, Emails, Or Other Communications Should Be Taken As Legal Advice For Any Individual Case Or Situation. This Information On This Website Is Not Intended To Create, And Receipt Or Viewing Of This Information Does Not Constitute, An Attorney-Client Relationship.
