Archive for September, 2012

Are You Absolutely Sure That You Don’t Need A Will???

Monday, September 10th, 2012

The exclusive purpose for the information which is provided from this website is to disseminate information, and not to provide tax advice.

For as many years as I can remember, I have reminded my clients, friends, family, business associates, co-workers, and anyone else who would listen to me that they should have a current and up-to-date will.  Everyone’s life will come to an end one day.  The circumstances leading up to that moment in time can usually not be predicted.  In the case of a catastrophic accident (boat, aircraft, automobile, traffic, homicide, sudden fatal illness, etc) we will become a victim of events which perhaps we have absolutely no control over whatsoever.  

YOUR will, which is created entirely by you (and in many cases, with the assistance of an attorney)  provides you with many opportunities to provide information, guidance, and instructions for the disposition of everything that you either own now, or will own in the future at the time of your death.

By law, if you die without  a will, you are said to die “intestate.”  The “Laws of Intestate Succession”, which are different and vary with each state, will then provide the legal definitions and the order of disposition for your estate.  In some cases, your tax obligations to either the Federal and/or state governments could increase UNNECESSARILY!

If you live in the State of Georgia or need additional information, please click on this link which is from another page on this website:  http://www.billseabrookecpa.com/resources/2012DyingIntestateinGeorgia.doc