Ensuring the future of your minor children is an important part of planning your estate. If you have adult children with physical or cognitive impairments, you also need to include plans for their future in the planning of your estate. Providing for the future of people you love is not merely a financial goal – it also means making sure that you leave their care in the hands of people you trust, and who they can trust when you are no longer here.
Failing to appoint someone to protect your loved ones means that the state of Georgia will make this important decision after your demise. A conservator is a person who is appointed by a court to manage, oversee, and care for the property and finances of a minor child or an incapacitated adult who is incapable of making their own decisions.
When you work with an attorney in Georgia to create an estate plan, that plan can include the elements that eliminate the need for the court to create conservatorships for your loved ones’ property and finances. If your estate plan includes a trust for minor children and/or incapacitated adult children, the court will not need to name a conservator to manage their property and finances. Instead, you can make those decisions by naming a Trustee who will manage the property and you can determine how your assets are distributed. In instances where your child qualifies for government programs, your estate plan may include a Supplemental Needs or Special Needs Trust to protect the government benefits while still allowing the Trustee to provide for supplementary benefits for your child.
Your attorney will explain each of these key roles and why they are important to your estate plan. Your attorney can also help you create a comprehensive estate plan that expresses your wishes and provides for the people who depend on you.
At Grissom Law, LLC, we understand how fundamental and essential it is to make the important decisions that impact the lives of the people you love. Contact us today to start creating the estate plan you need to provide the attentiveness, support, and care your loved ones deserve.
Disclaimer
This Blog/Web Site is made available for educational purposes only as well as to give you general information and a general understanding of the law, not to provide legal advice. By using this blog site you understand that there is no attorney client relationship between you and Grissom Law, LLC.