Your Compassionate Advocate For Georgia Wills And Trusts
Planning for the future can feel overwhelming, but it doesn’t have to. Taking steps now to protect your assets and ensure your wishes are honored will give you peace of mind for whatever tomorrow may bring.
I’m Erin Muldoon Haug, and I’ve spent over two decades helping people just like you navigate the often complicated world of estate planning. I understand that this is a very personal journey, and I’m committed to providing accessible and approachable legal counsel every step of the way.
The Importance Of A Will
A will is a fundamental component of any estate plan. It’s a legal document that outlines your wishes for how to divide your assets after you pass. As your estate planning attorney, I can help you create a will that:
- Clearly states how you want your property distributed
- Names guardians for minor children
- Designates an executor to manage your estate
Without a valid will, your assets may be distributed according to state law, which might not align with your wishes. This is why it’s crucial to work with an experienced attorney who understands the nuances of Georgia’s probate laws.
The Power Of Trusts
Trusts are versatile estate planning tools that can offer significant benefits beyond what a will can provide. As your estate planning lawyer, I can help you explore various types of trusts, including:
- Revocable living trusts
- Irrevocable trusts
- Special needs trusts
- Charitable trusts
Trusts can help you avoid probate, minimize estate taxes and provide for loved ones with special needs. They can also protect your assets from creditors and ensure your wishes are carried out exactly as you intend.
Tailoring Your Estate Plan
Every family’s situation is unique, which is why I take a personalized approach to estate planning. As your estate planning attorney, I’ll work closely with you to understand your goals and concerns. Whether you’re worried about protecting your assets or ensuring your children’s future is secure, I’ll help you create a comprehensive plan that addresses all aspects of your estate.
I’ll consider factors such as:
- Your family structure and dynamics
- Your assets and liabilities
- Your long-term financial goals
- Any potential personal injury claims or ongoing legal matters
By taking a holistic view of your situation, I can help you create an estate plan that provides peace of mind and protects your loved ones from unnecessary stress and financial burdens.
Frequently Asked Questions About Wills And Trusts
My firm is dedicated to providing helpful information to individuals seeking to plan their estates. The following questions and answers are designed to provide a general understanding of wills and trusts in Georgia:
What is the function of a will?
A will serves as a legal document that outlines your wishes for the distribution of your assets after you pass away. In Georgia, a will allows you to:
- Name beneficiaries for your property
- Appoint a guardian for minor children
- Choose an executor to manage your estate
- Specify funeral arrangements
Your will becomes effective only after your death, and it must go through the probate process. This legal procedure ensures the will is valid and carried out according to your wishes. Without a will, Georgia law determines how your assets are distributed, which may not align with your preferences.
Should my estate plan include both a will and a trust?
Including both a will and a trust in your estate plan can be beneficial for many Georgia residents. Here’s why:
- Trusts offer privacy and avoid probate
- Wills ensure all assets are accounted for
- Trusts provide more control over asset distribution
- Wills name guardians for minor children
A trust can manage your assets during your lifetime and after death, while a will catches any assets not included in the trust. This combination provides comprehensive coverage for your estate. An attorney can help you determine if this dual approach is right for your situation.
How many types of trusts are there?
In Georgia, there are several types of trusts you might consider, including:
- Revocable trust: Can be changed or revoked during your lifetime
- Irrevocable trust: Cannot be altered once established
- Testamentary trust: Created through a will and activated upon death
- Living trust: Established during your lifetime for asset management
Each type of trust serves different purposes and has its own benefits. It is important to discuss your options with a lawyer to choose the right one for your needs.
Take The First Step Toward Securing Your Legacy
Don’t leave your family’s future to chance. As your trusted estate planning lawyer, I’m here to help you navigate the complexities of wills and trusts. Contact the Law Office of Erin Muldoon Haug today to schedule a consultation and start building a robust estate plan that reflects your wishes and protects your loved ones. Call 912-421-7084 or send an email online at your convenience.