Should You Start Thinking About an Estate Plan?

Should You Start Thinking About an Estate Plan?

Estate Planning
Many people associate estate plans with older or wealthy people. In reality, any adult can benefit from having an estate plan - in fact, Georgia allows people as young as 14 to create a will. While you might not need a highly complex plan if you are young and have little property, having a basic estate plan can benefit you and your family in many ways. The following are only some ways an estate plan can help young adults: A will can help make the probate process easier for your family if you suddenly pass away If you have a child, you can use a will to decide who will take care of them should that be necessary Having a durable power of attorney in place will ensure that someone…
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Review Your Estate Plan for 2020

Review Your Estate Plan for 2020

Estate Planning
You have an estate plan in place, so you can expect it to achieve your goals for years to come, right? This is a common misconception, as estate plans should regularly be reviewed and changed along with your circumstances. The start of the New Year is often a time to make resolutions, and one of those should be to review your estate plan for any necessary changes. You should discuss your specific situation with an estate planning lawyer in Fayetteville, but the following are some general questions to consider. Did You Experience any Major Life Changes? Did you get married? Have a child? Get divorced? Experience a disabling condition? Any of these might warrant changes to your estate plan. For example, if you get married, the state laws regarding automatic…
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Estate Planning FAQ

Estate Planning FAQ

Estate Planning
People often understand that estate planning is important, though you might have many questions when it comes to your specific estate plan. At Overman & Overman, our estate planning lawyers in Fayetteville can answer your questions and advise of your options to plan for your future. When is it time to draft a will? You may assume that you do not need a will until you have substantial wealth or children who will be your beneficiaries. In reality, anyone can benefit from having a will - in fact, Georgia law allows people age 14 and older to create a valid will. A will allows you to keep control over what happens to your assets and property instead of having it distributed by the court according to Georgia law. Do I…
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When is it Time to Make Your Will?

When is it Time to Make Your Will?

Estate Planning
Most teenagers are thinking about where they want to go to college - not planning for their death. However, did you know that Georgia law allows people as young as 14 to draft a valid will? While your 14-year-old high schooler may not need a will, it is always a good idea for adults to consult with an estate planning will attorney. The following are only some of the many events that make it critical to have a will. Marriage - You want to ensure your spouse is properly provided for in your will, especially if you have or plan to have children. You may also want to name your spouse as the executor of your estate. If you are getting married for a second time, there are unique estate…
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