What are the estate planning documents I should have?

In Georgia, the estate planning documents you should have depend on your individual situation. Generally, a will is the foundation for any estate plan. A will is a legal document in which you appoint someone to manage your estate upon your death. In addition to a will, there are other important documents you should consider. A durable power of attorney gives someone else the authority to manage your financial affairs if you become incapacitated. A medical directive, also known as a living will, allows you to appoint someone to make health care decisions on your behalf if you are unable to make those decisions. You can also create a living trust to hold all your assets while providing instructions on how to use those assets after your death. You should also consider other documents when creating an estate plan, such as a guardianship document to appoint someone to care for minor children and an advance directive to state your wishes in regards to end-of-life decisions. Lastly, it is important to create a list of your assets, liabilities, and beneficiaries so that these items can be taken into account when your will is administered. Each situation is unique, so it is best to consult an experienced estate planning attorney to discuss which documents will best suit your needs.

Related FAQs

Can I make changes to a will after I have died?
How do I determine who is entitled to a share of my estate?
How do I calculate estate taxes?
Are there limits on how much I can leave in a will?
What is probate and how does it work?
What happens to a will when the testator dies?
Can I transfer property without probate?
What happens when a will is contested in court?
What is an estate plan?
Can I appoint a guardian for my children in a will?

What are the estate planning documents I should have?

Related FAQs

Related Blog Posts