Basically, everyone needs a will. In Georgia, there is no need to focus on "avoiding probate." Court costs are low, and having a valid will can help to settle your estate at the lowest cost.
Many important
choices can only be made if you have a will. For example:
• You
can choose the person who would be the guardian of your
minor children after your death.
• You
can control who inherits your property (home, automobile,
bank accounts, investments, family heirlooms, etc.) after
your death.
• You
can choose the person who will act as Executor, distributing
your property to the beneficiaries named in your Will.
Then state law
will control, and the court will make decisions for you.
• The court will appoint a guardian for your minor children.
• The court will appoint an administrator to settle your estate
and distribute your property.
• Your property will be inherited in accordance with rules determined
by state law.
Yes. While property titled as Joint Tenants With Right of Survivorship will pass to the surviving tenant upon your death, this does not take into account the possible death of both tenants in a common accident. Also, most people do not have 100% of their property titled this way, with the result that an Administrator needs to be appointed by the court to distribute the other property.
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