When many Georgia couples divorce, they intend for the process to create a permanent end to their relationship, and to go their separate ways. That is not always the case, however. Just as no two marriages are ever exactly alike, divorces are also as unique as the couples involved. In some cases, spouses don't intend to alter their wills, even after a divorce.
Not all spouses want to change their wills during divorce
Here's why wills should play a part in Georgia divorce process
For those in Georgia who are going through divorce, estate planning might be the last thing on their minds. It's important to understand, however, that if these issues are not handled at the beginning of a divorce, one's estranged spouse could end up making serious medical decisions or inheriting if an unexpected incapacitation or death occurs before the divorce is made final. Wills and other estate planning documents should play a role in any Georgia divorce.
Digital assets an important part of Georgia wills
Life is full of changes. Thirty years ago, the average Georgia family used a traditional camera and had to take the film to a store to be made into prints, picked up the telephone or a piece of stationery to catch up with friends and relatives and wrote checks to pay the monthly bills. Technological advances have changed the manner in which the average Georgia family communicates and preserves their legacy. Yet, these same families often do not recognize the importance of addressing their digital life when it comes to the creation of wills.
Worried about Medicaid planning and retirement? You're not alone
For those in Georgia who worry about having enough money to carry them through retirement, it's important to understand that these concerns are not uncommon. As the American population ages, many baby boomers are worried that their retirement savings won't last as long as needed. Medicaid planning is also an important consideration, and can greatly affect one's later years.
Issues to consider when choosing your executor
Selecting the right executor is an important part of making your will. It helps to understand the role the executor will play in safeguarding your estate and making sure the provisions of your will are duly carried out.
Including art and collectibles in wills takes special planning
Georgia residents who collect art or other valuable items may want to pass those assets down to loved ones. Including art and collectibles in wills, however, requires a degree of advance planning and communication with heirs. The first step involves determining the value of the collection so that taxation matters are clarified.
