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!
 
 

What is a Last Will and Testament in Flovilla, GA

What is a Last Will and Testament in Flovilla, GA

A Last Will and Testament is the first building block of a good estate plan. Estate planning is the process by which an individual or family arranges the transfer of assets in anticipation of death.

Option 1: Will-Based Estate Plan

All essential details of your Last Will and Testament will be outlined in the will-based estate plan. It will provide information including the person to be put in charge of settling your final affairs (the executor), the persons who will inherit your property (beneficiaries), and the provisions on how they will inherit it. Your last will and testament with a will-based estate plan will cover the following:

1. Who will serve as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will inherit your property

4. How and when your property will ultimately be transferred to your beneficiaries

5. Who will serve as guardian of your minor children until they become adults


Option 2: Trust-Based Estate Plan

In the trust-based estate plan a document called a revocable Living Trust will cover all the important points listed above in the will-based estate plan with one exception: the person in charge of settling your final affairs after you die is called an administrative or successor trustee instead of an executor. If you have a revocable living trust you will still need a Last Will and Testament so. Ideally, you will fund or move your assets into your trust before you die. If you fail to fund even one asset into your trust, then the last will and testament will be the necessary document that will "catch" the unfunded property and transfer it to your trust after you die. The last will and testament in this case will function as a pour over will that will cause the unfunded assets to "pour over" into your trust through a probate process.


A pour over will needs to cover:

1. Who will be in charge of your assets that were not funded into your trust as the personal representative/executor

2. What powers your personal representative/executor will have

3. Who will serve as guardian of your minor children until they become adults

4. What will happen in the absence of a Last Will and Testament?


In order for your property to go to the beneficiary of your choice after you are gone, a Last Will and Testament is recommended.


The absence of a will could result in the state providing a last will and testament on your behalf under the state's intestacy law. The laws of the state that your property is located in will prevail. This can get complicated if you own property in multiple states.

 
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 Flovilla, GA
Bennett Dan
825 Main St
Blackshear, GA 31516
(912) 449-9392
Attorneys, Legal Service Plans
Archibong Natalyn M Atlanta
374 Maynard Terrace Southeast
Atlanta, GA 30316
(404) 626-9142
Divorce Attorneys,  Attorneys,  Legal Service Plans,  Family Law Attorneys,  Bankruptcy Law Attorney
Dufresne Law Firm
25 E Main St
Manchester, GA 31816
(706) 846-8438
General Practice Attorneys, Attorneys
Wright & James P C
752 Moreland Ave SE # 7
Atlanta, GA 30316
(404) 624-7447
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Swindell Tammy
594 Brushy Creek Rd
Keysville, GA 30816
(706) 547-4128
Attorneys, Legal Service Plans
Bowen, Teresa G Atty
123 SW Central Ave
Blackshear, GA 31516
(912) 449-3595
Attorneys, Civil Litigation & Trial Law Attorneys, Legal Service Plans
Adam Ferrell Attorney PC
128 NW Central Ave
Blackshear, GA 31516
(912) 449-3000
Accident & Property Damage Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Personal Inju
Pearson Richardson
612 Moreland Ave SE
Atlanta, GA 30316
(404) 627-2811
Divorce Attorneys, Family Law Attorneys, Attorneys
The Champion Firm
2331 Brannen Rd SE
Atlanta, GA 30316
(404) 835-2648
Entertainment & Sports Law Attorneys, Attorneys
Phillips & Kitchings
271 S McDonald St
Ludowici, GA 31316
(912) 545-2191
Social Security & Disability Law Attorneys,  Attorneys,  Divorce Attorneys,  DUI & DWI Attorneys,  P
Morriss Bruce
934 Glenwood Ave SE # 150
Atlanta, GA 30316
(404) 622-2100
Criminal Law Attorneys, Attorneys
Legal Search Solutions
749 Wylie St SE
Atlanta, GA 30316
(404) 343-1442
Labor & Employment Law Attorneys, Attorneys, Corporation & Partnership Law Attorneys, Legal Service
Dufresne Law Firm
133 W Main St
Manchester, GA 31816
(706) 441-0111
General Practice Attorneys, Attorneys, Legal Service Plans
Ehrlich Craig J
457 Flat Shoals Ave SE # 3
Atlanta, GA 30316
(404) 420-0088
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US