Some Georgia residents may not want to pay for an attorney to help them create an estate plan. However, there may be downsides to using a will template or other templates that can be downloaded from the internet. For instance, those who have children and are thinking about getting remarried may want to create a custom estate plan. As a general rule, it is better to create a trust with the help of a professional.
Working with an attorney may also decrease the odds that an individual overlooks a small detail. Forgetting to name a beneficiary could result in significant problems for an estate after an individual passes away. Hiring an attorney may also make it possible to create an estate plan strategy that helps some or all assets avoid probate. These are issues that a computer may not bring up or be designed to address when an individual creates an estate.
An attorney may be less likely to make a mistake when creating an estate planning document. If an error is made, it could invalidate a portion or the entirety of an estate plan. At the very least, a will or trust could be challenged in court, which may prolong the probate process or other steps needed to settle an estate.
Wills and trusts may be effective tools for those looking to reduce estate taxes and retain greater control over their property. It may be a good idea to work with an attorney to craft these documents or have an attorney review them periodically. This may ensure that the plan continues to meet the needs of its creator, and it also may ensure that any changes are made in accordance with applicable state laws.
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