Pacer Law offers a full range of services relating to wills, including drafting, reviewing, amending, revoking and assisting clients with the signing process.
Whether your estate is substantial or modest, every adult should have a Will. Even if your estate plan is based on a revocable living trust, you still need a Will for retirement accounts and other assets that are outside the trust.
A Will enables you to decide how your property will be distributed after your death, establishes care for any minor children, and lets you appoint an individual, bank or trust company to serve as executor of your estate. The executor will manage and settle your estate according to the law and the desires expressed in your Will.
A Will is the primary means by which you can leave property to a person or entity other than a blood relative, such as a domestic partner, friend or charity.
A Will also enables you to choose whether your assets pass to your beneficiaries directly or through a trust. For people in second marriages or with blended families, a Will with appropriate trust provisions can ensure that your assets ultimately pass to your children after being available for the support of your surviving spouse.
If you die without a Will, your heirs must petition the probate court for an administrator to serve, which can be time-consuming, expensive and invite disagreement. Most important, Georgia intestacy laws will apply and may be contrary to how you would want your property distributed. The probate court, not you, will make decisions that might not reflect your desires.
As your life unfolds, your circumstances, priorities and concerns may very well change. To remain current, you should review and update your Will periodically. I can advise you on whether it still reflects your wishes considering your current finances, marital status and family situation. If necessary, codicils can usually be easily added to update your Will or make any changes.