Canton, GA Wills & Trusts Lawyer
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Many people are under the impression that wills and trusts are legal tools intended only for the rich or the elderly, which is simply not true, so they postpone creating them for a later point in time. Unfortunately, tomorrow is never guaranteed and many people pass away without a will and trust established, leaving loved ones in financial jeopardy. It’s important to remember that if you don’t have a plan in place for your assets, property, and minor children, the state of Georgia will decide what happens to each. Wills and trusts are important legal tools that can be used to ensure that everyone you love and everything that you’ve worked so hard for is protected, but they can be difficult to navigate on your own. That’s why it’s crucial to utilize the help of an experienced Canton wills and trusts lawyer. Call Fouts Law Group today for a free consultation.
Why Do You Need A Will & Trust?
In the event that you pass away or become incapacitated, a will and trust will clarify what your last wishes are and provide your family with peace of mind that those wishes will be carried out. In addition, it can provide a layer of protection around your assets, which is why it’s necessary to make decisions about them now while you still can.
A common misconception is that a will alone is enough to guard your assets and property, but even with a will, probate will still be necessary and can delay beneficiaries from receiving the assets you intended for them. Probate is not only a lengthy process, but it’s expensive and stressful. Having to go through that legal process while mourning a loss probably isn’t the future you had in mind for your loved ones, but it can quickly become a reality if you fail to plan.
A trust is a legal entity that you transfer ownership of your assets to so that they can later be distributed to heirs and beneficiaries. The best part is you set the terms for the trust and can designate the beneficiaries and a trustee. The trust is effective immediately and when you pass away, your assets are transferred to your assigned beneficiaries without them having to go through the Georgia probate process.
Types Of Wills & Trusts
There are several types of wills and trusts that a lawyer can explain so that you’re aware of all of your options. They can also assess your unique situation and advise you on which kinds will meet your needs and individual goals for your assets. The types of wills and trusts that they might recommend include but are not limited to the following:
- A last will and testament
- A living will
- Joint will
- Revocable and irrevocable trust
- Special needs trust
- Pour-over trust
- Charitable trust
- And more!
How A Canton Wills & Trusts Lawyer Can Help You
Lead attorney, Jeff Fouts, is a published author and registered investment advisor with 30 years of experience in estate law. He’s helped countless clients establish wills and trusts that help them shield the things that matter most to them from unfortunate probate situations and other risks. He can do the same thing for you! He will help you determine what type of will and trust you need and can advise you on any additional legal tools that may offer another layer of protection. Don’t leave your family behind with the possibility of probate and financial devastation in the event of your death. Start planning for their future now. Call today to schedule a free consultation and learn about your next steps towards safeguarding your assets.
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Canton, GA Practice Areas
Why Choose Us?
30 Years Of Experience In Estate Law
Work With An Attorney & Published Author