Estate Planning – Protecting Your Loved Ones

Estate Planning – Protecting Your Loved Ones

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Having your estate properly planned will ensure that your assets will be passed on to your loved ones in the manner you would have wanted. Whether you are looking to create a living will, a trust, or a conservatorship, a good estate attorney in Marietta can help.

Living Wills

Creating a living will can be a stressful experience. Luckily, there are lawyers who can help you create a plan that will protect your loved ones.

Living wills, also known as advance health care directives, are legal documents that explain your wishes for medical treatment if you become incapacitated. In addition, it informs your family and healthcare provider about your wishes.

While most people think of wills as a document for the wealthy, everyone can benefit from an estate plan. A will can protect your loved ones and reduce taxes. It can also create a guardianship for your children.

A living will may not be necessary if you have a health care power of attorney or durable power of attorney. These documents are designed to name someone to make healthcare decisions for you if you become incapacitated. But if you want to take control of your own health care decisions, a living will may be a better idea.

Conservatorships

Having a conservatorship in Georgia is an option for anyone who can’t manage their own affairs. It is a legal arrangement that requires the court’s approval. A conservator is a person who handles the finances and daily living of an incapacitated adult.

A conservator is a person who is appointed by the court to make financial and legal decisions on the behalf of a conservatee. The conservator’s powers are limited, and may include making financial decisions, such as paying bills, collecting property, or deciding on how to invest money.

If you want to establish a conservatorship for a loved one, you can talk to an Atlanta elder law attorney. Your conservatorship lawyer can explain the process, explain the legal paperwork involved, and answer any questions you have.

A conservatorship can be established for an adult, a minor, or an infirm person. Conservatorships can be temporary or permanent. A conservator can assist an infirm person with daily activities and help with financial decisions, such as paying bills. Conservatorships are often used to protect elderly people or those with disabilities.

Trusts

Having a well-planned estate can provide you with a solid plan for handling your wealth after you die. This can help you avoid probate, a time consuming and costly process. It can also allow you to minimize or defer taxes on your assets.

The best way to plan for your estate is to consult with an estate planning lawyer in Marietta. These professionals can walk you through the process and make it easier. They can also advise you on what types of trusts are available and help you implement your wishes.

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A trust is a legal entity that allows you to transfer property to another person. The terms and conditions of the trust can be complex. Depending on the type of trust, you may be able to earn interest income on the trust’s assets.

A trust is a great way to ensure that your assets are distributed properly. You can also use the trust to reduce estate taxes. These types of trusts are also great for older adults who want to pass on assets to younger relatives.

Protecting Non-Citizen Loved Ones

Whether you are moving to Marietta, Georgia, or you have been living here for a while, it is important to know how to protect your non-citizen loved ones. Having an experienced Marietta estate planning attorney is a great way to help make the right decisions.

The first step is to know what your goals are in terms of protecting your assets. You will need to determine whether you are attempting to protect your assets for your children, grandchildren, or other loved ones. If you are looking to protect your assets for your children, consider protecting them with a last will and testament. This document can help prevent legal issues regarding your care when you pass away. You may also want to consider a special needs trust to protect your loved ones with special needs from being exploited financially.

The second step is to consider whether you want to sell or give your digital assets to your family or to a trusted person. You can use a digital asset management system to control these assets. You can also use an executor to follow up on your digital assets and manage them.