Estate Planning Lawyers
As part of comprehensive estate planning, our estate planning lawyers create ironclad wills and trusts that protect our clients’ assets, intentions and estates in Cumming and Dawsonville. We will assist you to transfer your assets in an efficient, cost-effective manner. We consider the types of assets involved as well as the needs of the beneficiaries and procedures of the Forsyth and Dawson County courts.
We create trusts in order to ensure all assets are protected and your intentions are carried out in the manner of your choosing. Let us analyze how the establishment of a trust will affect your potential income or estate tax liability.
Creating a Will
A will is a legal document which when carefully drafted, will serve to distribute your assets according to your wishes. Furthermore, if you have children under the age of 18, you can specify a guardian in your will rather than leave that choice solely up the courts.
For married couples, it’s advisable for each spouse to have their own will. It’s unlikely that you will both die at the same time and if there is any property that is not jointly held, you’ll need a separate will. If either spouse has children from another marriage or an ex-spouse, it is paramount to be perfectly clear about your wishes.
Testamentary Trusts
A testamentary trust is an excellent estate planning tool to manage finances for your children in the event of your death. This type of trust is established after your death and its terms are specified in your will. It is legally created after your will has been probated in court. Testamentary trusts all you to preserve the wealth you leave to your children as you can specify how and when the money can be spent.