Losing a loved one is not an easy thing to experience. When it happens, knowing what to do next may not come naturally. What needs to be done to get the estate administration process started in Georgia?
Every year, numerous Georgia residents have the unpleasant task of closing out the estates of loved ones. When there is no will or other estate planning documents in place, the court may assign a bank or other representative to manage the estate. What can beneficiaries do if they feel that the estate administration is being mismanaged? They can do what the heirs of Max Hopper did and file claims against the executor.
Many Georgia residents, while setting up their estate plans, will create trusts in order to keep their assets protected in the event of their death or incapacitation. There are certainly benefits to doing so. It all really depends on what type of trust one creates, as it can affect how things are handled during estate administration, such as taxes.
Going to court to administer an estate is pretty unavoidable when no will is left behind by the deceased. Probate may seem like an awful thing to go through, but it does not have to be that bad, especially if one has help. An experienced attorney can assist those in Georgia who need to navigate probate when there is no will in place.
Making sure one's estate is in order is not something that is at the top of everyone's list these days, though it really is something that people in Georgia and elsewhere ought to consider doing. Even a simple will is better than nothing. This is particularly true during the probate process.
Estate planning, can't it just be a one and done thing? Well, depending on one's stage in life when it is completed, it is possible. But for those who get their affairs in order while still going through significant life changes, updating an estate plan every so often is a must. Not only will this help Georgia residents ensure that their assets and loved ones are protected, but it will also ease the estate administration process when it comes time to put the plan into action.