Some Georgia residents have incredibly strong bonds with their pets, to the point they wish to take steps to ensure those animals are well cared for once the owners pass away. Wills and trusts are both options for creating a care plan for pets. These tools do require a level of advance planning, and should be considered at the time estate planning documents are drafted.
Losing a spouse is one of the most difficult things that many Georgia residents will ever have to go through. The days and weeks that follow such a loss can be overwhelming, with a multitude of important decisions to make and items to check off the to-do list. One task that is often overlooked during this tumultuous time is the need to review the wills and other estate planning documents of both the decedent and the surviving spouse.
Giving back is a big priority for many Georgia families, and charitable giving becomes an important component of estate planning. The manner in which a family handles those contributions, however, can make a big difference in the taxation bottom line. There are ways to structure wills to pass wealth along to one's chosen charitable organizations while also reducing the tax burden for heirs.
For many Georgia residents, a spouse and children are simply not part of their daily lives. Regardless of whether that fact is through circumstance or choice, the reality is that living the single life can pose a challenge once an individual moves into retirement and beyond. Older Georgia residents without close family ties have a unique set of care planning needs and must take steps to look after their own futures.
When you find out you are the personal representative of an estate, you probably have a lot of questions. You may not know what to do or where to start. As the executor of a will, it is important to know your responsibilities and follow all the rules.