It is no secret that times are tough right now, and many families are pooling their funds to pay for pod schools, share nanny services and even buying property. After all, with interest rates higher than they have been in decades, even those who make six-figure...
You might think that creating a will is easy, and it can be. But you shouldn’t just throw one together to get the process over with quickly. You need to take time and exercise care when creating your will so that you get what you want out of it. When you do so,...
Liens are legal mechanisms used to secure debts or financial obligations related to a property. They grant the creditor a legal interest in the property until the debt is paid off. In essence, liens act as a form of collateral, ensuring that the creditor has a claim...
A will is one of the most common estate planning tools, giving the testator the power to decide how their administrator will distribute their properties when they die. Since it is a legal document, many may wonder whether a will’s notarization is necessary for it to...
An executor is the person you appoint in your will to manage your estate when you die. They will handle the estate administration process, including dealing with the probate court. They will settle your outstanding debts, identify and gather your assets, and...
When an estate enters probate, the court might appoint someone as the personal representative. This person represents the deceased's estate and carries out essential tasks through probate. This role typically goes to a family member or another entity based on state...
There are basic requirements when writing a will in Georgia. One part is testamentary capacity. This might sound confusing to those who are unaware of the intricate details of estate planning, but it is imperative. From the start, it is useful to have guidance with...
The estate administration process can be more complicated than it seems. While the estate’s assets will have to be inventoried, creditors will have to be notified, and outstanding bills will have to be paid, the executor will also have to figure out asset distribution...
Most Georgians believe that signing a valid will is tantamount to eliminating all disputes regarding the distribution of the maker’s assets. While this is mostly the case, a few wills can lead to more, not less, controversy among a person’s heirs about the...
If you are a resident of Georgia and you pass away without a valid will, you may leave your loved ones with a lot of uncertainty and confusion. State law will decide how your property and assets will be distributed among your surviving relatives, regardless of your...