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When you create a living trust in Georgia, you place yourself completely in control of your assets during your life and after your death. While you are alive, you manage and control everything in the trust and you are also able to control your assets after your death.

Advantages of Trusts Over Wills in Georgia Avoid Probate: As mentioned above, trusts do not have to go through probate court, which can save time and money when distributing assets after death. This can also help ensure that your wishes are carried out more quickly than if they had gone through probate court.

A will is a legal document that spells out how you want your affairs handled and assets distributed after you die. A trust is a fiduciary arrangement whereby a grantor (also called a trustor) gives a trustee the right to hold and manage assets for the benefit of a specific purpose or person.

Advantages of Trusts Over Wills in Georgia Avoid Probate: As mentioned above, trusts do not have to go through probate court, which can save time and money when distributing assets after death. This can also help ensure that your wishes are carried out more quickly than if they had gone through probate court.

A Trust deed is a legal document that comprises and sets out the terms and conditions of creating and managing a trust. It involves the objective of the trust established , the names of the beneficiaries and the amount of lump sum income they will receive and even the method by which they will receive the payment.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.