PREPARE Your Basic Estate Planning Package ONLINE Today!

Tamika M. Johnson
Attorney At Law

Tamika M. Johnson Attorney At LawTamika M. Johnson Attorney At LawTamika M. Johnson Attorney At Law
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Tamika M. Johnson
Attorney At Law

Tamika M. Johnson Attorney At LawTamika M. Johnson Attorney At LawTamika M. Johnson Attorney At Law
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Estate Planning
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Prepare your will online today!

With our Basic Estate Planning Package, you will receive a Basic Will, Power of Attorney and Healthcare Directive! Complete it online today!

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ESTATE PLANNING

Last Will & Testament

Advance Directive for Health Care

Your Last Will and Testament (also referred to simply as a ‘Will’)   allows you to do several things. 


First, you can specify how you want   your estate to be distributed upon your death. You can divide your   estate among a number of people equally, give everything to one person   or a charity, or whatever else you choose to do with your property.


Your Will also appoints someone as the executor of your estate. This  is the  person who will be in charge of gathering all of your assets and  debts  together, notifying creditors of your death, and distributing  your  assets according to your instructions in the Will.


If you do not  currently have a Will or Living Trust, having a Will  prepared is better than having nothing. Failure to have even a Simple  Will can result in  massive confusion.


Your heirs will not have any direction and can become  embroiled in  arguments and disputes that can make a difficult time even  worse.


By having a Will, you provide your family and heirs with some   guidance regarding your wishes and how to proceed with settling your   affairs. The disadvantage of having a Will only can be seen when  comparing a  Will to a Living Trust.


If you pass away without a Will or Living Trust,  your estate goes  through the probate process before your heirs receive  your estate.  


Having a Will does not prevent your estate from going through the  probate process. Establishing a Living trust and  transferring your  assets into the Trust during your lifetime will allow  those assets to  be transferred to your heirs without probate.

Advance Directive for Health Care

Advance Directive for Health Care

In order to have a legal document that expresses your wishes for the  health care you want to receive at the end of your life, you should  complete a Georgia Advance Directive for Health Care.


In completing the Georgia Advance Directive for Health  Care, you will do two things:


1) Legally appoint someone as your Health  Care Agent to make health  care decisions for you when you cannot or do  not want to speak for  yourself, and


2) Formally state your preferences for the medical treatments you do or do not want to receive.


If you choose not to complete a Georgia Advance Directive for Health  Care, there may be restrictions on the health care decisions that  relatives or friends can make for you.

Estate Planning Consultation

Power of Attorney

Power of Attorney

 A Financial Power of Attorney allows you to name one or more persons  to  handle our financial or business affairs for you just as we would if  you  were handling them yourself.


Depending on your individual  circumstances, you can give another  person or persons all of your authority (power) or some of your  authority (powers) to act on your  behalf.


This document, however, does not give someone the power to make medical decisions or health care decisions for you.


Normally, our Power of Attorney documents grant your Agent the power  to handle your business or financial affairs upon you becoming  incapacitated, which must be  confirmed by 2 physicians. Otherwise, you  maintain the control of your  affairs until that time.


The agent’s Power of Attorney is terminated upon death or your written revocation.



Schedule a General Estate Planning Consultation

Revocable Trust

Power of Attorney

  

Revocable Trusts allow you to select the assets you want to place in  the trust and it protects the assets in the trust from your surviving  spouse, if you wish to disinherit him or her.


One of the reasons a revocable living trust is so popular is that  assets in the trust do not have to go through Probate. If you can place most or all of your assets in trust, no probate proceeding will be   necessary at all, saving the cost of an executor and attorney, as well   as avoiding the long wait for the probate process to conclude.  


A  Revocable Living Trust Georgia allows your assets to be  distributed  immediately upon your death if you wish.


If you die without a Will or Trust, your assets are distributed by   Georgia intestacy statutes which determine which relatives get what. An  additional benefit is privacy. 


When a Will is probated, it goes through  a court proceeding and becomes public record. 


Trusts are completely  private and do not need a court to enact them. The terms of  the Trust,  beneficiaries, and assets are not public record. Trusts are  also more  difficult to contest than Wills.


Creating a living trust in Georgia protects not only your  assets,  but you personally. If you ever become mentally incapacitated,  the  trust already provides for management of your assets and use of them   for your benefit. No conservatorship proceeding may be necessary if the   trust has been funded sufficiently.

Irrevocable Trust

 

An Irrevocable Trust is simply a trust with terms and provisions that   cannot be changed by the grantor. 


This is distinguished from a  Revocable  Trust, which is commonly used in estate planning and allows  the grantor  to change the terms of the trust and/or take the property  back at any time.


Using an irrevocable trust allows you to achieve a number of   significant benefits, including minimizing estate tax, protecting  assets  from creditors, and providing for family members who are minors,   financially irresponsible, or who have special needs.

FAQs

 

Frequently Asked Questions (FAQs)


WHAT IS ESTATE PLANNING?


WHO NEEDS ESTATE PLANNING?


DO I SPECIFICALLY NEED AN ESTATE PLANNING ATTORNEY?


WHAT IS PROBATE?


WHAT IS A POWER OF ATTORNEY?


WHAT IS AN ADVANCE DIRECTIVE? FOR HEALTH CARE (AKA LIVING WILL)


WHAT IS A LAST WILL & TESTAMENT?


WHAT IS A REVOCABLE TRUST?


WHAT IS AN IRREVOCABLE TRUST?


HOW DO I PLAN IF I HAVE A SPECIAL NEEDS CHILD OR FAMILY MEMBER?
 

WHY DO I NEED A LIFE INSURANCE POLICY?


DO I NEED ANOTHER LIFE INSURANCE POLICY IF I ALREADY HAVE ONE WITH MY EMPLOYER?

This website is designed for general information only. The information  presented at this site is not and should not be construed to be formal legal advice  nor the formation of a lawyer/client relationship.



Copyright © 2024 T. M. Johnson Law Firm, LLC - All Rights Reserved.



Office Locations:


1775 Parker Road

Conyers, Georgia



3100 Five Forks Trickum Road

Suite 102

Lilburn, GA 30047


MAILING ADDRESS: P.O. Box 80222, Conyers, GA 30013


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