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Atlanta, GA 30326
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Do you have a Living Trust & Will in place?
At S. Dixon Law Offices,
we understand that as you journey through life you realize the importance of leaving a legacy for your family. You have worked hard, saved money, and managed your financial affairs well. So it’s only natural that you want to continue to be a good steward of what happens to your assets for the rest of your life as well as after your death. Even if you are a person of modest means, you have an estate. Therefore, it is important to choose an estate plan that will ensure that your assets are distributed according to your wishes. The right estate plan and strategy depends on your individual circumstances and personal goals. For some people, a Revocable Living Trust can be a useful and effective tool. For others, a Will may be the best choice for them. S. Dixon Law Offices offers Family Law & Wealth Management
Services in Buckhead Atlanta near Phipps Plaza and welcomes new clients. Feel free to contact us at firstname.lastname@example.org
or book your appointment
What is a Revocable Living Trust?
The two basic types of trusts are a revocable trust, also known as a revocable living trust or simply a living trust, and an irrevocable trust. The owner of a revocable trust may change its terms at any time. He can remove beneficiaries, designate new ones and modify stipulations as to how assets within the trust are managed.
Revocable Living Trust: A Revocable Living Trust provides lifetime and after-death property management. If you are serving as the Trustee, the Trust should provide for a Successor Trustee upon your death or incapacity. Court intervention is not required. Revocable Living Trusts are used to manage your property. If you become disabled by accident or illness, the Successor Trustee will manage the Trust property. As a result, the expense, publicity, and delay of probate can be avoided.
Will versus Living Trust
Will: A will is a written document that indicates how your property will be distributed at the time of your death. It can be amended or revoked during your lifetime. In Georgia, the Will must be witnessed and signed. A Will also allows you to appoint a guardian for your minor children. If a Living Trust is properly drafted and funded, you can plan for the possibility of your incapacity, avoid probate, control what happens to your estate after you are gone, and prevent the distribution of your estate from becoming a matter of public record.