12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Limitations of a Last Will and Testament in Zip Code 30568

Limitations of a Last Will and Testament in Zip Code 30568


A hundred years from now it will not matter what my bank account was, the sort of house I lived in, or the kind of car I drove...but the world may be different because I was important in the life of a child.
 
- Forest E. Witcraft


Last Wills are a wonderful way of addressing the needs of loved ones in estate planning but not everything can be carried out by your Last Will.

What a will won't do includes the following:

Bequeath Certain Kinds of Assets or Property. You cannot use your will to leave:

• Property that is in the Living Trust

• Life insurance policy proceeds that has a beneficiary in it

• Money in the retirement plan that has beneficiary indicated in its forms.

• Stocks or bonds held in beneficiary and has transfer-on-death or TOD form. If you want to change the beneficiary, contact the brokerage company

• Money in a payable-on-death bank account.

• Joint tenancy. Leaving a property that is not entirely yours but is co-owned with someone else automatically transfers the entire property to the surviving co-owner. Your share that was indicated in your will can only go to it beneficiary if the all owners of the property dies simultaneously.

Direct Funeral Arrangements

It would be wise to make separate documents regarding your wishes and inform your executor its location when needed. It sometimes takes days or weeks for a will to surface after death and memorial services or wishes indicated may not be executed.

Reduce Estate Tax

Having a will won't help evade taxes. If you are expecting your estate to owe federal taxes, start taking steps to decrease your tax liability. In terms of tax bills, there are many trusts that can reduce or for postpone it.

Avoid Probate

Establishing the validity of a will can take months or years of being tied up in a probate court before final contribution of the property commences.

Apply Certain Conditions on Gifts

A gift that is awarded via a will should not contain condition attached like a contingent on marriage, divorce or change of religion of the receiver. You can only include lesser influences like leaving money for a certain person when he goes to college. Making conditional gifts can sometimes open a can of worms because questions will arise as to who will enforce the wills' condition and for how long.

Leave Money for Illegal Purpose

This is a rare situation, but you cannot allocate money for use on something illegal.

Arrange to Care for a Special Need Beneficiary

Long term care for someone with special needs will be better off in a trust that is tailored to the persons' needs. It will not jeopardize government benefits as well as it can provide extra income for the person and its family that can be use in his care.

Leave Money to Pets

Pets should be left to new owners who will take care of them. Leave the money to them to help with your pets' related expenses. Pets cannot own property so leaving property directly to them is not a good idea. Trust are allow in some other states but won't be necessary if you have confidence in the person whom you left your pet(s) with after you pass away.
 
Personalize & Print a Free GA Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Related Legal Services near Zip Code 30568
Paralegal Services
507 Carlton Dr
Palmetto, GA 30268
(770) 254-8831
Paralegals
Servicios Hispanos De Georgia
366 Six Flags Dr # 5B
Austell, GA 30168
(770) 944-8811
Immigration Law Attorneys
Spears Bonnie
1 N Main St # 104
Moultrie, GA 31768
(229) 985-8217
Attorneys, Criminal Law Attorneys, Family Law Attorneys, General Practice Attorneys, Legal Service P
Bivins Jim
619 2nd St SE
Moultrie, GA 31768
(229) 985-7953
General Practice Attorneys, Attorneys
Coogle Jon L
100 S Sumter St
Oglethorpe, GA 31068
(478) 472-7733
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
Anderson Joe L
2749 Veterans Memorial Hwy SW
Austell, GA 30168
(770) 948-6938
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Hall, James F
5860 Love St
Austell, GA 30168
(678) 981-6845
Attorneys, Family Law Attorneys, Criminal Law Attorneys
Still Kenneth B PC
7 N Main St
Moultrie, GA 31768
(229) 985-5540
Attorneys, Legal Service Plans
Hk Enterprises
1286 Waterford Green Trl
Marietta, GA 30068
(770) 642-5460
Franchise Law Attorneys
Howell-Parrott LLP
800 1st St SE
Moultrie, GA 31768
(229) 985-5300
Attorneys
Garber Law Firm PC Atty
4994 Lower Roswell Rd
Marietta, GA 30068
(678) 560-5066
Attorneys, Civil Litigation & Trial Law Attorneys, Criminal Law Attorneys
Meredith Shearer & Associates
4799 Olde Towne Pkwy
Marietta, GA 30068
(678) 560-5050
Real Estate Attorneys,  Attorneys,  Bankruptcy Law Attorneys,  Legal Service Plans
Sellers & Mitchell
14 2nd Ave SW
Moultrie, GA 31768
(800) 469-4640
Attorneys
Robert D Jewell, PC,
12 S Main St
Moultrie, GA 31768
229-234-0941
Social Security & Disability Law Attorneys,  Attorneys,  Criminal Law Attorneys,  Divorce Attorneys,
May & Jewell,
12 S Main St
Moultrie, GA 31768
229-234-0941
General Practice Attorneys,  Bankruptcy Services,  Social Security Services,  Attorneys,  Criminal L
Chris F. West, P.C.
622 2nd Street SE
Moultrie, GA 31768
(229) 985-3912
Attorneys,  Criminal Law Attorneys,  Malpractice Law Attorneys,  Personal Injury Law Attorneys,  Agr
Waller Mickey E Atty
24 1st Ave SE
Moultrie, GA 31768
(229) 985-3858
Attorneys
The Welsh Law Firm
607 Main St
Palmetto, GA 30268
(770) 463-3555
General Practice Attorneys, Attorneys
Allen Keith F
814 1st St SE
Moultrie, GA 31768
(229) 985-3228
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Investigative Accounting Group
1000 Johnson Ferry Rd
Marietta, GA 30068
(770) 565-3098
Attorneys Support & Service Bureaus, Attorneys, Legal Service Plans
Allen & Forehand
600 1st St SE
Moultrie, GA 31768
(229) 891-2331
Attorneys, General Practice Attorneys
Mc Calley William C
517 2nd St SE
Moultrie, GA 31768
(229) 985-1977
Attorneys, Corporation & Partnership Law Attorneys, Legal Service Plans, Employee Benefits & Worker
Kirbo Law Firm The
26 S Main St
Moultrie, GA 31768
(229) 985-1955
Attorneys
Whelchel & Carlton LLP
26 2nd Ave SW
Moultrie, GA 31768
(229) 985-1590
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US