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Despite a common misconception that estate plans are for those who are well-off or are approaching retirement age, an estate plan is a legal tool that can benefit adults of all ages who have important assets or minor children to protect in the event of their death or incapacitation. Another misconception of estate planning is that there is always tomorrow to take care of it. Don’t put estate planning off for another day that might not come. Take action now with the assistance of a Marietta estate planning lawyer who’ll get to know you and your situation and develop a comprehensive estate plan that will clarify where your assets, property, and more belong when you’re no longer here. 

Why You Need An Estate Plan

An estate plan is a powerful legal tool that outlines your wishes during and after your life. It’s a great way to safeguard your assets and ensure all that you’ve worked so hard for gets passed to the people you care most about. If you do have young children, an estate plan can also help you designate a trusted guardian if ever needed so that they don’t end up with people you don’t know. 

Another reason it’s important to have an estate plan is to save your family the hassle of probate during an already difficult time. Without a complete estate plan, probate will be necessary in order for your assets to be distributed. Probate can take anywhere from 6 months to a year to complete, is stressful to go through and costly to say the least. Your family doesn’t need this scenario added to their plate when they’re in the midst of mourning you – they deserve to move on peacefully. If you create an estate plan with a will, trust, and other legal tools that clarifies a plan for your assets and more, your family can avoid the headache of probate all together. Estate planning can also minimize estate taxes through the use of trusts, which can alleviate some of the financial strain on your family when you pass away. 

In addition to that, estate planning gives you more control over all the distribution of your assets and even gives you the ability to dictate your medical care in the future. For example, you can designate someone to make medical decisions on your behalf if you become incapacitated. You can also decide whether or not you’d like to remain on life support or undergo specific medical interventions if needed.

What’s Included In An Estate Plan?

While your mind might only think of a will when you hear the words “estate plan,” it actually encompasses much more. A comprehensive estate plan might include: 

  • Last will and testament
  • Living trust
  • Health care power of attorney
  • Pour-over will
  • Revocable trust
  • Irrevocable trust
  • Special needs trust
  • Charitable trust
  • And more!

How An Estate Planning Lawyer Can Help You 

While it may be tempting to utilize an online “DIY estate plan” template for the sake of time and effort, it can lead to costly mistakes. Our Marietta estate planning lawyer will get to know you and your needs in a way that a pre-designed template can not. An experienced lawyer is familiar with the various aspects of an estate plan and can advise on which of your options will best fulfill your needs. They also explain the legal language on all the important documentation so that you fully understand what you’re signing up for. 

Our lead attorney, Jeff Fouts has nearly 30 years of estate planning and probate experience so he knows how to help you set up a plan that can give you peace of mind. Call today to schedule a free consultation and learn about your next steps! 

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Marietta, GA Practice Areas

Fouts Law Group

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(678) 242-8344