A will is one of the foundational documents in any estate plan. A will gives you the power to control how your assets are distributed to your relatives, beneficiaries and heirs. Without a valid will, your estate may be subject to Georgia’s intestacy laws. This means that the state will determine how your assets are divided. This can result in outcomes that may not reflect your wishes or financial intentions.
Creating an estate plan isn’t a one-time task. As your life changes so should your estate plan. Major life events like marriage, divorce, the birth of a child or the death of a beneficiary can impact how you might want your estate to handled. Changes to your financial situation may also necessitate an update. Additionally, changes in Georgia estate law or tax regulations can affect the effectiveness of your current will.
Regularly reviewing and updating your will ensures that your estate plan stays aligned with your goals and the needs of your family. It also helps minimize legal complications and potential disputes after your passing.
At Fletcher Estate Planning, we help Georgia families create and maintain estate plans that evolve with them. If its been a while since you last reviewed your will, now is the time to revisit your plan with experienced legal guidance.
