Kennesaw, GA Wills & Trusts Lawyer
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While most people know that creating a will & trust is an important thing to do, they typically put it off for a later point in time. Most people are under the impression that wills & trusts are only for those who are in their later years or are wealthy. This is a misconception; both wills and trusts are for anyone who has property and family. Unfortunately, tomorrow isn’t guaranteed and “later” may never come, so waiting to create a will and trust could leave your assets and loved ones in jeopardy down the line. A will and trust are two of the most important legal tools you will implement in your life! They will help you secure the maximum protection for your family and can provide you with peace of mind knowing your wishes will be thoughtfully carried out.
However, creating a proper will and trust can get complicated, which is why it is crucial to work with an experienced Kennesaw wills & trusts lawyer who can guide you through the process, explain your legal options, and answer your questions. Call today to schedule a free consultation and learn about your next steps!
Why Do You Need A Will & Trust?
In the event that you pass away or become incapacitated, a will and trust can give your loved ones a sense of calm in the midst of an emotionally charged time by explicitly stating your wishes. It can also provide a safety net for your assets that you’ve worked so hard for.
It is important that you understand that if you neglect to make the necessary decisions regarding your estate while you still can, the state of Georgia will do it for you when you pass away or become incapacitated. Even if you do have a will, that doesn’t shield your family from the possibility of probate (a Georgia court process that will hold your assets until they are officially transferred to your heirs). Your assets will have to go through the time-consuming and expensive probate process if you don’t plan accordingly by creating a trust.
A trust is a legal entity that owns your assets so that they can later be distributed to beneficiaries and heirs. You get to set the terms, how it is managed, and designate a trustee and beneficiaries. The trust goes into effect right away, and when you pass your assets are transferred directly to your loved ones without the hassle of probate.
What Are Your Options?
Our knowledgeable lead Kennesaw wills and trusts lawyer, Jeff Fouts, has been helping Georgia residents get the right estate planning documents in order for over 30 years; he can review your situation, explain your options, and recommend the best tools for your unique needs. A few of the different types of wills and trusts you can utilize include, but are not limited to, the following:
A living will – This is different from a traditional will and allows people to clarify their wishes for end-of-life medical care.
A simple will – Allows you to designate who you want to leave property and assets to. Also allows you to designate a guardian for minor children.
A joint will – One will, signed by two people (usually married) and designates the surviving spouse as the sole beneficiary.
A pour-over will – Transfers all assets inside a will into a trust at the time of death.
A revocable trust – A flexible trust that can be altered at any point in time.
An irrevocable trust – A trust that cannot be changed once set up.
A special needs trust – Designed to provide for disabled individuals in order to maintain government benefits.
Why Working With A Seasoned Kennesaw Wills & Trusts Attorney Is Important
While there are many free, online do-it-yourself templates for creating a will and trust, this is not a reliable method of protection. Most of these online resources are lacking the necessary legal language to make it valid, and they can be misleading, causing you to make mistakes that might cost you down the road. Working with a seasoned Kennesaw wills and trusts lawyer can help you stay compliant with Georgia’s estate laws and create a will and trust that thoroughly protects both your assets and the future of your loved ones!
Call Fouts Law Group Today!
Don’t wait to obtain legal guidance that can save your family a huge headache. Call Fouts Law Group today for a free consultation and learn about your next steps.
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