When planning an estate, the primary focus for the vast majority of people is ensuring that their accumulated wealth passes down to loved ones without undue losses. Wills certainly play a role in that process, but they are not the only planning tool available. For many Georgia families, a reservoir trust can be a great option.
Considering reservoir trusts in addition to wills
Wills should be a part of spring preparations
Signs of spring are popping up all over Georgia. Homeowners are cleaning out closets to make way for new things and planting flowers to add curb appeal. In addition to these traditional spring tasks, many also recognize the need to take a closer look at their families' wills to make sure they are in keeping with current wishes.
Personal care planning serves a number of purposes
Like other Georgia residents, you probably worked hard to get where you are today. You spent your life accumulating the assets you have and want to make sure that they are available for your family members after you are gone and that they are there if you need them in your later years. Regardless of your reasons, personal care planning can help achieve these goals.
Wills are an important part of taking care of loved ones
As one ages, thoughts of who should inherit what and what will happen to one's estate often come to mind. Yet, even though the average Georgia resident contemplates these decisions, there are still some who fail to take the necessary steps involved to create their wills and other estate planning documents. Once these documents become necessary, it is too late. The only time in which a will is necessary is upon the death of the individual. Once this occurs, the will directs how the majority of an individual's assets will be distributed.
Why you should tackle Medicaid planning now
When it comes to long-term care and estate planning, many people in the Cumming area believe they do not need to rush to fine tune them. Though you might feel you and your partner are in great health now, you never know what may happen tomorrow and in the following months that can change your situation. For example, if you or your spouse suddenly received a diagnosis of dementia or some other medical condition that requires living in a nursing home, how would you pay for it?
