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Why a “Simple Will” May Not Be So Simple: Insights from a Georgia Estate Planning Lawyer

Posted by Joel Beck | Jul 21, 2023 | 0 Comments

As an estate planning attorney in Georgia, I often encounter clients who express a desire for a "simple will." Many believe that their needs and circumstances are straightforward and that a standard will is all they need to safeguard their assets and loved ones. But is a simple will always the answer? Let's dive into this topic.

The Allure of a Simple Will 

A simple will is an appealing concept due to its apparent straightforwardness. It provides basic directives about how an individual's estate should be distributed after their passing. However, what constitutes "simple" varies considerably among individuals. A scenario that seems simple to you might be more complex when viewed through the lens of estate law.

When a "Simple Will" is Not So Simple 

To illustrate, consider a recent interaction with a client who was under the impression that a simple will was all she needed. She had been divorced and remarried, and between her and her new husband, they had children from previous relationships as well as children from their current relationship. Her primary concern was to ensure that her children would not be left out of their inheritance if she predeceased her spouse. After examining her circumstances, it became evident that what she needed wasn't a simple will, but rather a carefully tailored estate plan.

Beyond Wills: Considering All Your Assets

 Another critical aspect of estate planning is understanding that not all assets pass through a will. Non-probate assets, like an IRA, 401k, or life insurance, typically pass to beneficiaries through designation forms. Therefore, in comprehensive estate planning, it is crucial to harmonize probate and non-probate assets to fulfill your wishes most effectively.

A Simple Will: Not as Common as You Might Think

 Sometimes a simple will is indeed the right solution, but it's not as common as you might think. The complexity of relationships, combined with the variety of assets people own, often necessitates a more detailed estate plan. Don't let the notion of a “simple will” oversimplify your estate planning process.

Peach State Wills & Trusts: Your Partner in Georgia Estate Planning 

We're here to help you navigate the intricacies of estate planning. At Peach State Wills & Trusts, our goal is to ensure that your wishes are honored and your loved ones protected, no matter how simple or complex your situation may be. Contact us at 678-344-5342 to learn how to plan for a tailored estate strategy in Georgia today.

And remember, if you have any questions about estate planning in Georgia, you can download our free guide here, no strings attached. Let's work together to make sure your assets and your loved ones are protected.

About the Author

Joel Beck

Joel Beck founded The Beck Law Firm, LLC in 2007. His firm focused on business law and estate planning needs of clients, two areas that he was drawn to based upon personal and business experiences in his life, including a ten-year career at NASD (now known as FINRA).


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