Wills And Trusts
Some people think that estate planning is only for the elderly or those who have vast wealth. In reality, anyone who doesn’t want the government to make decisions for him or her should have an estate plan.
The Law Office of Donald F. Hawbaker creates estate plans for people at all stages of life and of all assets levels in Griffin, Georgia, and other communities in the south metro Atlanta area. He offers a free initial consultation to discuss your goals.
What Is An Estate Plan?
An estate plan consists of several legal documents that are designed to meet your goals. Your estate plan needs to reflect your assets, your family and your wishes.
Here are some of the components of an estate plan:
- Will: A will allows you to determine who should receive your assets when you die. Attorney Donald F. Hawbaker drafts simple “sweetheart” wills, as well as complex wills that include trusts to accomplish specific goals such as protecting the assets you leave your children. If you die intestate (without a will), the government will decide who receives your assets.
- Trusts: A trust acts like a will, except your assets can be distributed without the expense, delay and publicity of probate. There are many different kinds of trusts you can use to accomplish specific goals such as asset preservation and minimization of taxes. Learn more about the benefits of a trust.
- Advance directive for health care: An advance directive for health care (also known as a living will) allows you to tell doctors and family members whether you want feeding tubes or other forms of artificial life support if you are in a coma with no hope of recovery. If you don’t have a living will, a court may end up deciding.
- Powers of attorney: A financial power of attorney allows you to name a trusted person to handle your affairs if you are incapacitated and unable to communicate your wishes. Without a power of attorney, your family may have to go through the expense and delay of a guardianship proceeding to manage your affairs.
A comprehensive, customized estate plan allows you to control your assets while you are alive and protects your beneficiaries if you die or become incapacitated.
To learn more about the legal documents that can be included in a comprehensive estate plan, view Donald F. Hawbaker‘s video on The 23 Documents to Leave Your Survivors.
Contact An Estate-Planning Lawyer Serving south metro Atlanta
To schedule a free initial consultation with Griffin will and trust lawyer Donald F. Hawbaker, call or text 404-857-2958 or complete our contact form for a free initial consultation.