You can also nominate a person to be the guardian of your young children. Your will can also create a plan or trust to postpone the transfer of your assets to your children after their eighteenth birthday. Frankly, most young people at age eighteen do not have the knowledge or experience to handle money. It would be a shame for your life savings to be wasted on frivolous things or unwise and speculative investments merely because your children don't know how to handle money. Think about how you want your property distributed and consult your lawyer for assistance in preparing the necessary documents to carry out your plan.
Many people have a fear of probate and in some states that fear is justified.
In Georgia, however, a properly drawn will can avoid many of the complexities and expenses associated with probate. Indeed, in most cases, it is more expensive to administer an estate of a person who does not have a will than it is to administer the estate of a person who has left a will. In Georgia the process of probate is really quite simple. The will is filed with a simple petition and the heirs are notified. Assuming there is no objection, the will is deemed proven and admitted to probate right away.