Having an estate plan is essential for all adults, regardless of the size of their estate. Without an estate plan, the disposition of one's property, guardianship of one's children, and possibly even decisions about one's health care can fall into the hands of a Georgia court. While courts endeavor to make the best possible decisions, those choices often differ from the ones people would make for themselves, and court expenses can needlessly consume precious resources. In addition, failure to make an estate plan can result in a much higher tax burden on an estate.
For owners of businesses, particularly closely-held or family businesses, estate planning is even more essential. Failure to make succession plans can lead to business assets passing to unintended beneficiaries, disputes between family members who own and/or manage the business, and forced sale of business assets in order to cover taxes on the estate. In the worst case scenario, the business may be unable to function and is forced to close, causing financial devastation for heirs.
At the Orme Law Firm, we have a deep understanding of not only Georgia estate planning law, but of finance and business as well. We are committed to providing clients, whether individuals, couples, or business owners, with the customized estate planning that they need. We work together with our clients to learn about their circumstances and to identify their goals for their families and their businesses. We offer a variety of estate planning tools designed to achieve those goals, including:
Estate planning can be difficult to think about, but it's an investment that yields tremendous dividends not only in preservation of assets, but in peace of mind. The Orme Law Firm serves families, individuals, and businesses in Peachtree City, Newnan, and Fayetteville and throughout Fayette and Coweta Counties and South Metro Atlanta. We invite you to contact us at 678 593 3202 to schedule a consultation and learn more about how we can help you achieve your estate planning goals.