Estate Planning Process in Marietta

Having a comprehensive Estate Plan is a vital part of planning for your future and protecting your present. Unexpected accidents and illnesses can make these plans essential, especially if they result in incapacitation or death.

The Estate Planning process begins with an identification of one’s assets. Next, it is essential to identify potential beneficiaries and determine if their status under the law creates any potential complications. Finally, choosing the correct testamentary documents is vital to give your Estate Plan its intended effect.

The Estate Planning process in Marietta does not need to be overly complicated. Our experienced lawyers at Nelson Elder Care Law are ready to talk with you and discuss your needs, identify your options, and get to work helping you today.

Why Might Someone Begin Creating an Estate Plan?

The primary reason to create an Estate Plan is to protect your heirs and the assets that they stand to inherit. This can include your physical property, real estate, bank accounts, and even business interests. Having a valid Estate Plan can ensure that these assets move to the appointed beneficiaries at the stated time.

However, Estate Plans can also bring you benefits during your lifetime. These can include tax benefits from no longer having assets under your possession, to becoming eligible for government benefits such as Medicaid, to achieving peace of mind by understanding that the future is well in hand.

As a result, the first step in creating an Estate Plan in Marietta is to identify your assets and needs. Our knowledgeable attorneys can help you take stock of property, determine whether any testamentary documents are already in effect, and identify potential beneficiaries who may take possession of this property.

Process of Crafting Estate Planning Documents

Once you have identified your assets and beneficiaries, the process of crafting Estate Planning documents can begin. For many people, a Will is all they need to dictate what they wish to happen to their assets after they die. Wills also serve to help retain control over the Probate process and avoid the state’s harsh Intestacy laws.

According to the Official Code of Georgia § 53-4-20, a Will must be in writing and contain your signature or another person’s signature who signs on your behalf. Additionally, the Will must contain the signatures of two witnesses who observed you sign the Will.

However, creating a Will is not your only choice. More modern Estate Planning tools, such as Trusts, can offer you increased flexibility. Trusts allow for the transfer of assets at any time. In addition, they can bring tax benefits to all parties and even help you qualify for government benefits such as Medicaid. A lawyer at Nelson Elder Care Law can help you select the Estate Planning documents that fit your needs in Marietta.

Our Attorneys Can Guide You Through the Estate Planning Process in Marietta

It is never too early to get starting on the Estate Planning process. It is important keep track of your assets as well as plan for what you want to happen to those assets in the future. This includes identifying beneficiaries to Wills, Trusts, and other testamentary documents.

Our attorneys at Nelson Elder Care Law are ready to assist you with the Estate Planning process in Marietta. Our team can help explain the roles that the various testamentary documents can play and determine whether they are right for you. Once this is done, a lawyer at our firm can draft these documents in a way that meets your goals as well as gives them the proper legal effect. Reach out today to discuss the Estate Planning process.

Hear From Our Clients

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben