Macon Will & Trust Lawyer
Warm and Friendly Legal Guidance to Help You Protect Your Assets
Wills and trusts are the most basic estate planning tools you need to protect your hard-earned assets. Jen Haskins Law provides comprehensive will and trust services to help you craft a complete and thorough asset protection plan. Everyone needs a will, especially if they have significant assets to protect and distribute, and you will certainly benefit from establishing trusts to further safeguard certain assets. Georgia offers a wide array of trusts for different needs, from Miller trusts to life insurance trusts, and Attorney Jennifer Moore can help you choose the right options for your situation.
Schedule an initial consultation with a will and trust lawyer at Jen Haskins Law to get started. Serving Houston and Jones Counties and Central Georgia.
Creating a Will in Georgia
A will, or a “last will and testament,” is a legal document that specifies how you would like your property to be divided after you pass. If you do not have a valid will when you die, your property will be distributed by default to your surviving relatives, beginning with your spouse and children.
What is a Will For
You can use a will to establish details like:
- the people or organizations you would like to leave your property to;
- an executor who will be responsible for making sure that the terms of your will are carried out;
- a personal guardian to care for your minor children;
- a trusted person to manage the property you leave to your minor children.
You may also want to specify individuals who you would like exclude from your will to clear up any potential complications that may arise.
Does a Will Have to Be Notarized
A valid, legally enforceable will in Georgia must be in writing and signed by you and two witnesses who are not beneficiaries. A will does not need to be notarized, though doing so can make your will “self-proving” and speed up the probate court process.
Revoking a Will
You can revoke your will at any point by destroying the document or instructing someone to destroy it. To make a change, you can either revoke and rewrite the will, or you can add an amendment (a “codicil”) to the end of the will.
There are a wide variety of trusts you can obtain for different needs. Some types of trusts offered in Georgia are:
- Living trust – A living trust is created while you are alive and allows you to choose assets to place into a trust that you will retain ownership of until you pass. After you die, ownership of these assets will transfer automatically to the named beneficiaries.
- Testamentary trust – A testamentary trust is established under your will and becomes funded after your death.
- Revocable trust – A revocable trust can be changed or revoked at any time during your life.
- Irrevocable trust – An irrevocable trust cannot be altered in any way once it has been signed.
- Miller Trust – A Miller Trust, also called a Qualified Income Trust (QIT), is a specific type of income trust that is used for Medicaid eligibility. A Georgia Miller Trust does not hold any money or assets and typically owns a bank account through which income will pass each month for Medicaid applicants who are over the Medicaid income limit.
- Credit Shelter Trust – This ensures the preservation of both spouses' exemptions, as it establishes a separate, irrevocable trust with the deceased spouse's share of the trust's assets.
- Life insurance trust – A life insurance trust is an irrevocable trust which is both the owner and beneficiary of a life insurance policy. Upon the death of the insured, the trustee will invest the insurance proceeds and administer the trust for the named beneficiaries.
The above are only some examples of many types of trusts you may seek for your specific needs. Jennifer Moore can take a closer look at your situation to help you determine what you need to protect your assets most efficiently.
Schedule an initial consultation with Jen Haskins Law to discuss your will and trust options in more detail. Let’s get started on your asset protection plan today.
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Meet Our Attorney
8-Time Winner of Best of the Best
By the Macon Telegraph
Jennifer N. Moore
An award-winning attorney, Jennifer is a 1997 Magna Cum Laude graduate of Georgia College & State University, and a 2000 graduate of Mercer Law School. Jennifer also participated in the Nation's first Certificate in Advanced Legal Writing, Research and Drafting program at Mercer Law School.Click here to Read More
With You At Every Step
In-House Medicaid Specialist