What to Look For in an Estate Planning Attorney
When you are looking for an Atlanta estate planning attorney, you need to look for someone who is knowledgeable about the law, as well as one who can guide you through the process. This is important because you will need to make sure that your will and other estate planning documents are in order.
A will is a document that is written by a person (the testator) that defines his or her wishes for the distribution of his or her assets at the time of death. The document can include information about what will be done for minor children, as well as other items.
A will is a public record. It must be signed by at least two witnesses, who must be at least 14 years old. They must sign in front of the testator.
Many individuals choose to have a will to protect their estate from creditors. It can also be used to avoid probate.
If a will is not in place, the probate court will decide how your property will be distributed. This can be a difficult process for your family.
Choosing an experienced Atlanta estate planning and probate lawyer can help to reduce the stress of dealing with a loved one’s death. An attorney can also help to inform your heirs about your final wishes.
When you are ready to plan for the future, the Law Office of Paul Black can help. This firm specializes in wills and estate planning, as well as other legal matters. You may also want to consider a trust to protect your assets.
There are many types of trusts that can be created. Some of these include charitable remainder annuity trusts, revocable living trusts, and irrevocable life insurance trusts. These documents can also help to minimize or avoid estate taxes.
Getting an Atlanta estate planning attorney is a great way to make sure that your family’s future is protected. With a little work, you can ensure that your wishes will be carried out.
As you age, you may encounter serious illnesses. You may have to make medical decisions for a loved one. Having a health care power of attorney can give you the opportunity to do so.
Powers of attorney
Powers of attorney are an important part of an estate plan. This legal document allows an individual to choose a person or persons to manage his or her finances, assets, and medical care if the person is unable to do so.
There are many different types of powers of attorney. The type you need will depend on the situation you are in and the circumstances surrounding it. For example, if you are preparing for retirement, you may want to create a power of attorney that is more specific than the one you would use if you were getting ready for the stock market.
A financial power of attorney is probably the most important and most commonly used kind. It can be as specific as it gets, but is not necessarily as powerful as the general POA.
If you are getting ready to retire, you should also consider creating a power of attorney for your estate. This will allow your loved ones to take care of your financial matters if you become incapacitated.
If you have a POA, you must be aware that it will not always be recognized by third parties. In fact, some financial institutions have special requirements. Moreover, you should not give this authority to someone you do not trust.
Depending on the type of POA you have, you can decide to make all the decisions yourself, or you can delegate your financial and medical decisions to a trusted agent. No matter what you decide, it is a good idea to keep the document up to date.
You should also ensure your agent is acting in your best interest. That’s why it is important to choose a trustworthy, competent individual to be your agent.
To create a power of attorney, you need to consider the various laws in your state. This can be a complicated process, so it is best to hire a professional. After all, you wouldn’t want your agent making bad decisions when you are sick.
Once you have created a power of attorney, you will need to choose a good executor to carry out your wishes. Your chosen person can be a close friend or family member, or even a business partner.