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Probate can be a complex process. Many people find themselves making mistakes that can lead to delays and added expenses. Here are four common probate mistakes and how to avoid them. 1. Not having a will One of the biggest mistakes is not having a will. If you don't...
Dealing with the loss of a loved one is never easy, and navigating the probate process can feel overwhelming during this difficult time. The more you can prepare ahead of time, the easier it is for everyone. There are a few steps to consider as you prepare to start...
Selecting the ideal estate administrator is important in the estate planning process. This individual plays a pivotal role in executing your wishes regarding asset distribution after your passing. Trustworthiness Did you know that only 46% of individuals over 55 have...
When people pass away, their estate goes through probate. During probate, the deceased person's assets undergo management and distribution to settle outstanding debts. In Georgia, the probate court follows a specific order of priority when it comes to paying...
A comprehensive estate plan is a critical tool for everyone, no matter how many assets they have. However, estate planning does not usually make the list of priorities, especially among younger adults. Even though there is no perfect time to create your estate, and it...
According to the Centers for Disease Control and Prevention, approximately 160,000 people die each year in Georgia, and many of those estates go through probate. If you have a loved one who has passed away, you might be unsure about the probate process. While Georgia...
A will is an essential estate planning tool that helps ensure your final wishes and provide for your loved ones after your passing. For a will to be effective, however, you must update it regularly to account for life changes that may affect the settling of your...
Georgia residents who chose to file a will before their death typically establish guidelines for the distribution of their assets or estate. If the will names an executor and the court approves the individual, this person is responsible for handling all matters...
Dealing with the loss of a loved one comes with many difficulties. If your loved one had no will, it means added challenges. According to a Caring.com survey, only 33% of American adults have a trust or will. For the people left behind, it means having to go to...
People do not like to think about dying. You do not want to think about what will happen to your possessions after you are gone. Very few people like making a will. This is one reason so few people do so. According to one Gallop poll, a little more than half of the...