It is never too early to start the process of planning your final estate. Have a look at Roswell Wills and Trusts Attorney for more info on this. With today’s tough economy, you want to be sure that your family is taken care of after you pass on. There are so many decisions to think about when deciding your legacy. Wills and Trusts attorneys are helping clients draft legally binding, financially secure estate plans for more than three decades now. They can provide legal support for you through every step of the way.
Wills and trusts, unlike many other probate systems, rely on the ability of the decedent’s personal representative, known as a Last Will and Testament, to determine what should be done with the estate and assets owned during the person’s lifetime. The state probate laws vary widely, but most allow for a Will to be prepared after the decedent has died. In most cases, once the Will is signed, it becomes effective immediately, although state probate laws vary even more. If your loved one did not prepare a Will, a probate court will appoint an estate planner who will do so on your behalf.
One important thing to remember when creating a Will is that you can revoke it. This is commonly called a revocable trust. Once you revoke a Will, it becomes effective immediately. A revocable trust may be established to cover estate taxes, but may also include provisions for medical costs and other debts that become due during your lifetime. Your attorney may be able to help you establish the exact terms and conditions of your Will, and if you decide to revoke it, the courts will confirm the new terms.
Oren Ross & Associates
300 Colonial Center Pkwy STE 100, Roswell, Georgia 30076
Phone No. : (678) 250-4281