Estate Planning for Women | Atlanta Will and Trust Lawyer

Estate Planning for Women | Atlanta Will and Trust Lawyer

atanta estate planning womenWill and trust lawyers in the Atlanta, Georgia, area recognize that there is no one-size-fits-all approach to estate plans.  Every situation is different, and each person needs individualized attention.  While there are services that offer cookie-cutter forms that will supposedly allow you to set up a decent plan, there is no comparison to working with an actual estate planning attorney who can work with human understanding to meet your real needs.

For example, the needs of women have been changing dramatically over the past several years.  Gone are the days when a woman was expected to stay home and live on an “allowance” if her husband chose to give her one.  Instead, so many women today have their own jobs, their own finances, and their own desire to protect their assets.

Older Women and Widows

In addition, women typically live longer than men.  So, even if the husband was originally in charge of working with the will and trust lawyer, once he has passed away, the widow has an entirely new set of needs.  She needs to make sure that her estate is able to support her as costs continue to rise, as well as to determine what she would like to have happen to her assets after her own death.

Not all estate planning lawyers in the Atlanta GA area are current with the times, either.  There is still a tendency to create trusts that will “take care of them” without them actually having any say over the contents of the trust.  Today’s women are often quite capable of managing their own finances and are better served by having flexibility to grow their funds rather than being restricted by the trust.

Younger Women

There are plenty of reasons that a younger woman should to meet with an Atlanta will and trust lawyer, too.  In the case of a single mother, assigning a guardian is critical in case of the mother’s death or incapacitation.  If a guardian is not legally named, the courts will step in and choose a guardian for the child without taking the mother’s wishes into consideration. An estate planning attorney may also advise younger mothers to consider setting up a trust for their child(ren) and maybe even to look into life insurance policies that could be used to fund the child(ren)’s future.

Whether married or not, many younger women have careers and would benefit from retirement planning in this earlier stage of life.  By being proactive early on, a woman can set up her 401k and other accounts to make sure she realizes her long-term financial goals.  Looking to retire young, to pay for your kids’ college, or to travel the world?  A will and trust lawyer in metro Atlanta can help put things in motion now to make that a reality later.

If you have a significant other in your life, it makes sense for the two of you to work together with your Atlanta estate planning attorney to make sure that your goals align and that your plans are compatible.  Your attorney can help you properly deal with “his, hers and ours” to ensure that your assets are titled properly and that your financial house together is built on a solid foundation.

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Atlanta Living Will Attorney Helps Clients Plan for an Unexpected Disability

Atlanta Living Will Attorney Helps Clients Plan for an Unexpected Disability

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Here in Atlanta, living will attorneys know full-well the ramifications of not planning ahead for an unexpected disability.  Even those clients who understand the importance of estate planning tend to overlook what would happen if they should become unable to care for themselves.  It’s not the happiest thought, but the reality of not having a living will can make the situation considerably worse for both you and your family.

A major disability can be devastating to an entire family, both emotionally and financially.  Pre-planning for the possibility can reduce some of the heartache that often accompanies these situations.

Medical Concerns

You may assume that your spouse would simply make decisions for you if and when a major problem takes place.  Ask yourself, if he or she really wants to be responsible for some of those decisions. For example, if you were in a coma, how would your spouse react to making the choice of whether or not to stop life support?  Even if your loved ones know your wishes, simply having them in a formal document can remove a considerable burden and amount of potential guilt.

A living will attorney can help you to draw up these documents so that your family does not have to make these choices.  The attorney can also assist by offering insight into situations you likely wouldn’t have considered.  Are you opposed to a blood transfusion?  Are you adamantly against ending life support?  What needs to happen if you become mentally disabled?  Who should be given power of attorney over your other health-related issues?

Financial Concerns

Having a major illness or injury is very expensive and can keep you from working during and after hospitalization.  Your Atlanta GA living will attorney will also advise you on what needs to happen financially if you are unable to take care of your own needs.  For example, you will likely set up a power of attorney, as well as to determine how long-term care will be paid for.  Will you need to sell your house?  Will you be eligible for disability insurance?  These are all questions that the living will attorney will go over with you.

There are plenty of other considerations that need to be addressed by a Atlanta Georgia living will attorney.  From what will happen to your children to where you might end up in nursing care, there are choices that need to be made.  Planning in advance with your attorney in Atlanta will ensure that your wishes are being followed if the time should come.

If you are ready to get started in creating a plan that will protect you and your family should incapacity or disability occur, give our office a call at 770-425-6060 and ask to schedule a Georgia Family Treasures Planning Session.  These sessions are normally $750, but you can come in free with the mention of this article.  However, these sessions are limited to 10 per month so call today!