An estate includes everything you own, including house, vehicles, money, and so on. But how does it work in practice? What happens to the assets? An estate plan can help answer these questions. Most estate plans are composed of legal documents that describe the assets that will be transferred to the beneficiaries and heirs following the death of the individual. To make sure everything is done properly and there are no issues with the process, it’s important to hire an estate planning lawyer in Newnan, GA.
Identify Beneficiaries and Create a Will
Having an estate planning lawyer in Newnan, GA can make it easier for you to write a will that can include everything you want or require. A professional in the field can also reduce the possibility of going to court later on. Being a third party, they are willing to listen to you and offer the best advice regarding asset distribution.
Secure Your Assets
An estate plan will include elements such as a will, a list of beneficiaries, durable powers of attorney (if you become incapacitated), a living trust, and insurance policies. With this plan, your family will not have to deal with any complications if something goes wrong.
Help Save Money
An estate planning lawyer in Newnan, GA will save you time by organizing records that will help your family access title deeds or insurance policies easily. Legal experts can also help you avoid mistakes such as creating an incomplete estate plan or leaving out certain assets. When you’re hiring an estate lawyer, you won’t have to draft an estate plan yourself as that can cost a lot of money.
