PEACE OF MIND KNOWING YOUR LOVED ONES ARE TAKEN CARE OF
The end of life is something that nobody ever wants to think about the process of distributing your possessions after death can be an overwhelming process. By setting up the proper documents, a person can ease the burden of the probate process and make sure that all their belongings are disbursed according to their wishes.
At Landon Justice Law, we help clients create an estate plan that fully reflect their wishes upon their passing. We realize that end of life planning is a hard and scary process that most people would rather not deal with, but by properly planning for these tough decisions early on a person not only lessens the chance that there will be a family dispute later on, it also helps ensure that a person's wishes are followed.
FINANCIAL POWER OF ATTORNEY & HEALTH CARE DIRECTIVES
A Durable Financial Power of Attorney is an easy way to arrange for someone to be in charge of your finances in the event that you become incapacitated.
A power of attorney is a written document in which the “principal” (your loved one, for example) appoints someone else, referred to as an “agent” or “attorney-in-fact,” to act for her under certain circumstances.
The principal decides how much responsibility she wants the agent to have. She can give her agent a wide range of powers — the ability to access bank accounts, sign income tax returns, sell stocks and manage real estate, for instance — or she can limit that person's authority to a single transaction. The Power of Attorney automatically expires at the time of the principal's passing.
A Health Care Directive appoints someone to make healthcare decisions on a person's behalf. As with the Financial Power of Attorney, a principal appoints an agent (known as an “attorney-in-fact” or “proxy”) to make healthcare decision on their behalf when the principal cannot communicate these wishes to a healthcare provider.
Since these documents allow for someone to make major decisions regarding either a persons finances or healthcare decisions, it is crucial to select someone that you trust and that will follow your directions.
WILLS & TRUST
In Georgia, if a person dies without a will, that persons is said to have died intestate. While this might not seem like a major issue, the truth is that not having a will can have serious consequences. If a person dies intestate, the estate has to follow Georgia Intestacy laws. This can and often does result in property going to individuals that it wasn't intended to go to. Needless to say, much of the litigation that results after a person has passed is the consequence of not having a will. Simply put, a will lets the world know how you want your assets to be divided after you die and establishes a person who you trust to ensure your wishes are followed out. Call Justice Law today to get your will set up.
For most people, a simple will is all that is needed. A will is simply a person's written directions on how assets will be divided upon their passing. By creating a valid will, a person can ensure that their belongings will go to the person it was intended for, rather than going through intestacy. We handle all legal matters in regards to wills, including:
- Drafting wills
- Will revisions
- Probating a will
- Appointment of an executor
Another method of estate planning is the trust. While often more complex than wills, the basic premise for a trust is simple: a person (the “settlor”) places assets (money, property, stocks, etc) into a trust account which is managed by a second person ( the “trustee”) for the benefit of a third person (the “beneficiary”). While this seems simple enough, the different types of trust that can be created are numerous and there are certain rules that must be followed.