Everyone hopes to live for many years and die in old age after fulfilling all life responsibilities, but life is not promised, and death occurs when you least expect it. A Georgia last will and testament is a binding document that guarantees fair allocation of your wealth, properties, and other valuables to your desired beneficiaries. If you are the sole breadwinner, your family members will feel the impact of your death the most, especially if you die without a will to protect your family.
Estate planning after death ensures that all your dependants receive a fair share of your wealth. Whether it is your spouse or children, their lives will continue as usual because of the power of the last will and testament. You must have two witnesses present and a notary public to imprint a legal seal that ensures validity.
Importance of a Last Will and Testament
As you plan your life, it is also crucial to prepare a last will since death is unpredictable and can occur at any time, day, or place. No resident in Georgia is too young to write a will. Whether you are 30 or 60, it is vital to have a will template to ensure your estate’s proper allocation. It does not matter if you have a small business or estate, your valuables will go to the right beneficiaries.
A Georgia last will and testament prevents disputes that may arise from greedy beneficiaries or scammers who may illegally claim a portion of your estate.
If you have a family with small children, you can assign a legal guardian to care for your children if your spouse is not fit or available. You can also set up a trust fund that guarantees the future of your children when you pass on.
The last will prevents situations from beneficiaries and third parties who may have malicious interests. When the executor presents the document to the probate court, all the terms will be deemed valid and no individual can oppose the contents of the last will.
If you have unsettled debts and taxes, the executor can use the estate’s profits to clear the balances. However, the probate court must approve and validate the will before estate distribution begins.
The beneficiaries in the will do not have to be family members only. You can donate all of your wealth to a charity organization, business corporation, or the government. Your last wishes are important, and the executor will ensure that all of your beneficiaries get what they deserve.
Requirements for a Georgia Last Will and Testament
According to Georgia’s State laws (§53-4-10), the will creator must be 14 years and above with a sound mind. The testator must write the will freely without pressure from third parties or under duress from criminals.
The will must be in writing to be considered as valid in the probate court. Oral and holographic wills are not permissible.
You need at least two adult witnesses to append their signatures on the document as per the law in the presence of a certified legal representative, not forgetting the beneficiaries and percentage allocation of the estate.
Below is an overview of the last will requirements:
- Testators particulars
- Executor’s particulars
- Two Witnesses
- List of beneficiaries
- Notary information
What Happens If You Die Without a Last Will?
In case you die without a will, Georgia will take control of your estate. State authorities will decide how to distribute your property assets to your dependents. If you have a spouse without any children, the spouse will inherit the entire estate. In the case of spouse and children, the state will allocate the estate in equal proportion, where the spouse receives a minimum of 1/3 of the wealth.
If you do not have an immediate family like spouse and children, then the state can allocate the estate to extended family members like siblings, parents, grandparents, uncles, or aunts. If you do not prepare a will when you are still alive, you will have no control over your estate after your death.
Completing a Last Will and Testament Online
Searching for a quick method of composing your last will? Get a free last will and testament from our site and complete it online at your convenience. We offer a free printable template in PDF form that the Georgia State recognizes as long as the users follow all the legal requirements, such as two witnesses and a certified notary officer. You can download the form, fill in all the relevant details, and print it to be ready for signing.
There’s no need to pay legal consultation or numerous meetings to the law firm to write your will. Generate a highly customized document with all the legal jargon in place. Complete your will within minutes online and gain peace of mind knowing that your family will be covered upon your death.