Planning For Your Future

At Cain Law Office LLC, we view a last will and testament as an opportunity to protect your family and loved ones. Once our clients adopt that perspective, they become more interested in other estate planning options that may save time and money in their estate administration. With one's friends and family in mind, it simply becomes easier to prepare for various contingencies.

Naming An Executor

Under Georgia law, there are number of features you can include in your last will and testament to minimize administrative hassle. You can be in control by naming an executor of your will and directing how you want your estate divided.

Protecting Minor Children

Parents can also include instructions in their last will and testament in the event they predecease their minor children. You can decide who will remain in charge of the estate until the youngest child reaches an acceptable age, at which time the remaining funds would be dispersed outright.

Setting Up Testamentary Trusts

With proactive planning, however, parents can bypass this default application by naming a guardian in their will. The guardian typically will not have to report to the court or post a bond. The will may also instruct the guardian to continue his or her fiduciary duties until the children reach a certain age, even past the age of 18. Parents may also leave their estate to their minor children in a testamentary trust, a type of trust that is contained in a will and is not created until after the testator's passing. The trust instructions will specify the conditions upon which the trustee may distribute income and principal to the children, as named beneficiaries.

Including A Healthcare Directive

Finally, you may want to complete your estate plan with a healthcare directive. This legal document names an agent for healthcare and memorializes your preferences regarding life support and other life-sustaining measures. In essence, you are taking the pressure away from your loved ones regarding some potentially hard medical decisions.

Complete Your Estate Plan Today

Take proactive steps for your heirs today. Schedule a free consultation at our Tallapoosa office by calling 770-574-2529. You may also contact us online.