People of all ages in Georgia and many other places now use social media sites like Facebook and Twitter to communicate and stay on top of the news. When someone passes away, unless there is a person assigned to manage his or her accounts afterward, they will stay active. This can cause the deceased's friends and family to experience unnecessary pain and grief. In some instances, people may even see suggestions to add a deceased person as a friend.
In certain situations, Georgia residents may inherit a deceased friend or relative's credit card debt. This may be true if an individual was named as a cardholder along with the deceased individual. It may also be considered marital property assuming that the debt was accrued during the marriage and both parties signed for it. However, it is still possible that an individual would not be responsible for paying any balance owed.
Georgia residents who are fans of the late singer Bobby Vee may be interested to learn that his children have been arguing over his estate. Robert Velline, known publicly by the stage name Bobby Vee, died on Oct. 24, 2016 after suffering from Alzheimer's disease. A dispute between Velline's four children began a couple years before his death and has not yet been resolved.
Georgia residents will likely know that selecting a responsible and trusted executor is an important part of drafting a last will and testament, but they may not be clear about the responsibilities that this individual will be burdened with. The overriding duty of an executor is to ensure that the wishes of the testator are followed, and that generally involves settling the estates outstanding debts and distributing any remaining assets to the heirs specified in the will.
If you have assets and property you want to protect, one way to do that is by creating a trust. A trust allows you to establish ownership of property outside of yourself as a way to shield the benefits of the trust from certain actions.