What is an estate plan?

An estate plan is a legal document that outlines a person’s wishes for how their property and assets should be handled after they die. It is important for people in Georgia to have an estate plan in place because the state’s laws dictate how a person’s assets will be divided if they didn’t make arrangements for them. Estate plans can include many different things, such as a will, which details how a person’s assets should be distributed among their family members or other beneficiaries; trusts, which are used to protect a person’s assets from being distributed before they die; and powers of attorney, which give a trusted individual the authority to manage a person’s affairs in the event of their incapacity or death. In addition to these documents, an estate plan can include instructions for funeral arrangements, details on who will be the legal guardian of any minor children, and provisions for how debts will be addressed. It is important to note that an estate plan is not required by law in Georgia; however, having one can help ensure that a person’s wishes are followed and that their family is taken care of after they pass away.

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What is an estate plan?

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