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...
There are many reasons why companies in Georgia decide to purchase commercial real estate. They could be starting their business or outgrew their current space. Owning commercial real estate can be a way to have the perfect space for their operations but can also be...
A will is an estate planning tool used to distribute assets after the will creator, or testator passes away. The contents of your will may depend on your specific circumstances, but here are a few things that should be included. Personal information It is important...
Probate is the legal procedure that determines the validity of a will. Probate can be time-consuming, costly and complicated, especially if there are disputes among the family members or creditors. However, there are some steps that families can take to handle Georgia...
One of your loved ones may have chosen you to be their "personal representative," which means that your responsibilities will go into effect after the person has passed on. That is a much better scenario all around than if the person passed away without a valid will...
Estate planning can be confusing for many in Macon, especially given the many unfamiliar and seemingly contradictory terms used in the process. For example, you may have been told to have a living will. You filled out a boiler-plate template found online, thinking it...