Having an efficient estate plan means having the necessary estate planning documents in place. Georgia residents can take certain steps to make sure that they have all of the legal documents they need to protect themselves and their loved ones.
One important step in developing the best estate plan is getting the right type of help. Obtaining the assistance of an attorney who practices estate planning law may be a wise move, particularly for people who want to make sure that there are no unexpected errors in their estate plan. Having an estate planning attorney draft the necessary legal documents may also be ideal for people who have complicated circumstances, such as individuals who have minor children, dependents with special needs or a blended family, which could require additional planning.
While it is not the only document that should be included in an estate plan, a will is probably one of the most important parts. Individuals can use a will to detail how their assets should be distributed after death. They should also use the document to designate a trusted person to execute the terms of the will. For people who have minor children, the will can be used to specify who will be responsible for taking care of the children. Individuals who fail to complete a will before they die may leave what happens to their estate and loved ones up to laws of the state in which they reside.
An estate planning attorney may examine the estate of a client and recommend certain types of estate planning documents to complete to ensure that the estate is handled according to their wishes. Certain types of wills or trusts may be recommended. The attorney may explain the importance of completing certain powers of attorney.