Many Georgia residents elect to pass their properties to their heirs after death through a will. Unfortunately, disputes among surviving relatives about the intent of the deceased are quite common. There are several steps a person can take when drafting a will to help prevent problems from arising.
One of the first things a person who is drafting a will should do is think about who he or she wants to name as the executor, who is the individual responsible for ensuring the execution of the will. This is a great responsibility, especially when there is a large estate and multiple heirs. It is important that a person take into account a potential executor’s personal characteristics, such as how organized or responsible he or she is.
One of the most common strategies for preventing heirs from squandering a fortune away while they are young is to delay their inheritance of assets until they reach a certain age. It is important to consider how this may foster frustration and resentment among the surviving relatives. Some family members may feel tired of waiting, or they may feel that they are not trusted with an inheritance.
Being specific in a will can prevent a dispute about personal property later on. It is a good idea to discuss which assets each heir wants to inherit before signing a will.
An estate planning attorney may be able to assist clients who have questions about how to draft their wills. Even individuals who do not own large estates can still benefit from legal advice about estate planning. For example, it is a good idea for most people to have a living will secured in a safe place and in the possession of a trusted individual in case they become incapacitated so that their relatives know whether they wish to receive further medical treatment.