If you’re contemplating a divorce or are considering one, you may want to consult an estate planning and divorce attorney in Georgia. Paul Black, an estate planning attorney in Atlanta, can help you sort out your legal options and make the best decisions for your unique situation. When it comes to Georgia laws, there are many different options to consider. Listed below are some of the common ones. Read on to learn more. Here are some common mistakes to avoid:
If you don’t have a will, your assets will be distributed intestate, which means you will have no control over how they are distributed. In this case, you might be able to get a larger portion of your estate if you drafted a will. However, if you die without one, Georgia intestacy laws will determine who receives your assets. In order to avoid this, you can hire a Georgia estate planning attorney to create a detailed will for you and your loved ones.
In Georgia, a probate court determines whether a will is valid. If it doesn’t, the court will appoint an executor or administrator to handle the estate. These professionals will make sure that all bills are paid and that the estate’s remaining assets are distributed in the most appropriate way. If you’re not sure how the probate process works, you should consult an attorney in your area. It’s important to talk to an attorney in your state before making any decisions.
A divorce also requires an update to your estate planning documents. While you should have updated your estate plan before the divorce, it doesn’t always work out that way. The petition may be filed by one of the spouses, and other parties are unaware of it. If they don’t know the petition date, it could be too late to make changes. This is why it’s critical to keep your estate planning documents updated and up-to-date.
Aside from a will, a divorce can also require you to amend your estate plan. A divorce can change your plans, so it’s important to review them as soon as you separate. After all, you’ve already signed your will, so you don’t want the contents to be lost in the divorce process. The divorce process can be difficult and emotional, so updating your estate plan is crucial. The right attorney can help you plan ahead and protect your assets and children.
If you have any existing insurance policies, life insurance, retirement accounts, or a will, your former spouse likely figured prominently in the plan. You may have named them as beneficiaries or executor or trustee, or you may have designated your spouse as your financial or health care power of attorney. However, a divorce will likely change those arrangements, so it’s important to update your estate plan and confirm who is left in it.
Wills are foundational estate planning documents. They specify who will receive your assets, who will care for your minor children, and who will be your personal representative. A last will and testament is a document that doesn’t need to be notarized, but it needs to be witnessed by two people. There are also certain limitations, and a will must be probated. If you don’t plan ahead, the courts will make the decisions for you.