Estate Planning for New Parents
About this episode
This episode discusses the implications of dying without a will in Georgia for new parents and the importance of estate planning.
What really happens when you die without a will in the state of Georgia, and you're the parent of young kids? In Georgia, the law splits things up in ways that often shock grieving families who don't have a plan in place. Do you want a judge deciding how your home and accounts are handled? How about a court-appointed stranger managing your child's inheritance? Being married with children doesn't guarantee your spouse will inherit everything, or even have full control of your estate if something happens to you. This episode is for every parent who wants to spare their family the heartache and confusion that comes from having no estate planning in place. When you die without a will or trust in Georgia, your family's life changes in ways you'd never want. The state doesn't follow "what feels fair" or what you think is "common sense." The state follows the law, which means your minor children might inherit part of your house. The court could be involved with every decision until your child turns 18, leaving the other parent or guardian on a treadmill of paperwork, petitions, and fees. Even something as basic as selling your home or using your own money for your child's needs can…
More episodes of Let's Talk Estate Planning
- What to Do Next When You've Been Named Executor or Successor Trustee
- What Happens to My Business if I Die?
- Why Young Adults Need an Estate Plan
- How to Avoid Probate Disaster, Delays, and Family Drama
- When Should I Update My Will and Estate Plan?
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