Revocable trusts help Georgia estate owners maintain control of their assets prior to death. These estate planning tools could ease burdens on relatives if the trust creator becomes incapacitated. While the estate owner is alive, they can be the primary beneficiary and trustee of a revocable trust.
Having to deal with the financial issues associated with arranging long-term care can be overwhelming for Georgia residents. However, there are effective ways to create an efficient plan while addressing financial and estate issues.
Deciding what to do with the family home during a divorce may be difficult for many Georgia residents. In many cases, each party in a divorce has different ideas about what should happen to the home. However, one of the most popular options is to sell the home and split the proceeds between the two former spouses. In order to do this successfully, it will be necessary for both parties to work with one another.
One purpose of an estate plan is to plan for what you want to happen after you pass away. However, estate plans can serve several other functions as well. One other goal of an estate plan can be to plan what you would like to happen if you become incapacitated.
The use of a revocable trust can offer many benefits to those living anywhere in the country. For instance, those who have property in Georgia and other states can simplify the process of settling an estate by putting it all into a trust. Furthermore, an individual may benefit from the fact that the terms of a trust don't need to be made public. Therefore, it is possible that only beneficiaries will know the details of a person's estate.