There may be many in Dalton who think that there will be plenty of time later in their lives to see to their estate planning. Yet such thinking leads to many entering into their golden years without even having a will. Research information shared by Forbes Magazine shows that over half of Americans over the age of 55 do not have a will. If any amongst this group were to die unexpectedly, the obvious that would arise from amongst their potential beneficiaries would be who among them is entitled to inherit their estates.
Many people in Georgia have philanthropic goals they try to fulfill during the course of their lives. Fortunately, estate planning allows you to continue your passion of giving to your favorite cause even after you pass away. Through the use of a will or other means, you can specify which of your assets should be passed to a charity, a foundation or other organization.
If you are like a majority of people, you appreciate having some control over your future and the way your life goes. Granted, there will always be situations that are unexpected and require you to deviate, sometimes significantly, from your previously organized plans. However, being proactive about making goals and plans can help you maintain some control over your life. At McCamy Law Firm, we are experienced in helping families in Georgia to plan their estate in an efficient and reliable manner.
If you are one of the many residents in Georgia who is in their 20s or early 30s, you might not have ever thought about making a will. This type of thing may seem only necessary for your parents or your grandparents. However, you should know that estate planning is important for you as well. In addition, an estate plan is about a whole lot more than just a will that outlines who will get your stuff when you die.
You may think that the only people in Georgia who need to worry about estate planning are the elderly, but that is not true. All adults should take the step of making out a will. The reason is that life is unpredictable and death does not discriminate by age. If you were to pass away in your 30s or 40s with no will in place, it can cause difficulty for the loved ones you leave behind.
Probate is a term that frequently comes up in discussions about inheritance. Probate is the legal process through which assets are distributed to heirs from the estate. In many cases, people talk about avoiding probate. Is probate really that undesirable? The reasons you might want to avoid probate if possible is for the convenience and benefit of those who inherit your assets in the state of Georgia.