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Am I Too Young For a Will?

In the State of Georgia anyone of the legal age of 18 may acquire a will and testament to establish how their property or assets will be distributed following their death. Therefore, any one over the age of 18 is not too young to require a written will and testament. Without a will your family members or others may be able to divide your property or the courts may be required to intervene and have a ruling as to how your property should be divided. In many instances the ways that the property may be divided would be against the wishes of the deceased—thus is why it is imperative to make your wishes known.

Attorneys may draft you a copy of your wishes in a will and ensure that any significant monetary amounts make their way into a trust or fund with beneficiaries and limitations of whom may control or benefit from the accounts. A will is then filed in the probate court in the jurisdiction in which you reside and may be pulled from the county records at the time of your death and prior to the division of your assets or other tangible items. In many instances if a will is not in place and the distribution of property is not expressly outlined then family members may begin to have conflict amongst them about who will receive the given asset. Family feuds over possessions of a loved one can lead to irreparable relationship damages within the family and in some instances can even lead to physical altercations.

A Will Can:

• Decide who gets your Money- it may be family, children, a friend, business, charity, school, foundation, etc.
• Decide who gets your Personal Affects- This can be any form of property either valuable or non-valuable, sentimental, tangible, etc.
• Establish a Trust- This may be for family or for minor children when the reach the age of majority or any other age specified. A trust may also control how the money is spent such as for educational needs, support, living expenses, etc.
• Decide who gets your Minor Children – A will may determine who might be awarded custody at the time of your death of any minor children.
• Decide who gets your Pets- Custody of pets may also be awarded in a will and other necessary divisions concerning the pets care. This may be the award of property and barn to an individual that inherits a horse or could be an award of extra monetary funds to the care taker of a beloved pet- in order to care for the pet.

An individual should consider having an attorney draft a will if they have any substantial amount of monetary funds that might outweigh any amount of debt at their time of death, an individual that may have pets, or minor children. In the state of Georgia even illegitimate children may receive an inheritance outlined in a will or if they are able to profit from the lineage distribution of assets. A will may allow the distribution of these assets in the portions in which you desire and can significantly reduce family conflict when transferring these positions or funds to the appropriate recipients on your behalf.

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