Atlanta Estate Planning Lawyer’s Special Advice for Women

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A good Atlanta estate planning attorney is going to help you take a lot of things into consideration when putting together your plan.  Various factors influence your estate planning after all:  finances, children, age…But what about your gender?  Is estate planning for women different from that for men?

Actually, there are some important things to keep in mind.

A Spouse’s Will Is Not Enough

Atlanta estate planning attorneys see again and again where a married couple believes that only one of them—usually a husband—needs to have a will.  This can cause a lot of problems in the long run, however.

  • Your family may not know your wishes, even if you think they do.
  • In times of grief, people aren’t always at their best and could resort to fighting over the estate.
  • If your spouse remarries, the new wife (and her children) could legally inherit your things.

These are just some of the scenarios estate planning attorneys see playing out when one partner is relying on the other’s will.

Women Need Powers of Attorney

Various types of powers of attorney are an important part of an estate plan, and this can be especially true for women.  The average woman’s lifespan is longer than a man’s, which means that she may be on her own near the end of her life.  With no spouse to make medical and financial decisions should she become incapacitated, it’s even more important to make sure appropriate appointees have been legally declared.

Updates are Needed When Marriage Status Changes

When one spouse has passed away, it is always a good idea to review the surviving spouse’s estate plan.  There are likely some changes that need to be made based on changes in income and other living circumstances.  A knowledgeable estate planning attorney in Atlanta will be able to help redefine the goals you and your spouse set in order to ensure you stay on track.

It’s also very important to meet with an estate planning lawyer after a divorce.  The details of the divorce can strongly impact your financial future, and the attorney will work to make sure you know and have access to what is rightfully yours.  Additionally, if you already have a will, you will want to change it to avoid the possibility of your ex being entitled to your estate or assets.

A Trust May Be a Good Choice

A mother wants to provide for her child in every way possible, and while trusts are something that are often associated with rich people, they are a great tool for just about anyone with heirs.  Talk with an estate planning attorney about why and how to go about creating a trust to help fund your children or grandchildren’s future should you not be around to help them.

There are plenty of other considerations that apply specifically to estate planning for women, and the best way to get all the information you need is to get together with a qualified, experienced attorney in Atlanta.  To schedule an appointment for a complimentary Georgia Family Treasures Planning Session at one of our metro Atlanta offices, we invite you to call 770-425-6060 to get started.


 If you’d like to give your loved ones and yourself the gift of peace of mind, please call Steve at 770-425-6060 or email him at steve@georgiaestateplan.com.

Estate Planning for Women | Atlanta Will and Trust Lawyer

atanta estate planning womenWill and trust lawyers in the Atlanta, Georgia, area recognize that there is no one-size-fits-all approach to estate plans.  Every situation is different, and each person needs individualized attention.  While there are services that offer cookie-cutter forms that will supposedly allow you to set up a decent plan, there is no comparison to working with an actual estate planning attorney who can work with human understanding to meet your real needs.

For example, the needs of women have been changing dramatically over the past several years.  Gone are the days when a woman was expected to stay home and live on an “allowance” if her husband chose to give her one.  Instead, so many women today have their own jobs, their own finances, and their own desire to protect their assets.

Older Women and Widows

In addition, women typically live longer than men.  So, even if the husband was originally in charge of working with the will and trust lawyer, once he has passed away, the widow has an entirely new set of needs.  She needs to make sure that her estate is able to support her as costs continue to rise, as well as to determine what she would like to have happen to her assets after her own death.

Not all estate planning lawyers in the Atlanta GA area are current with the times, either.  There is still a tendency to create trusts that will “take care of them” without them actually having any say over the contents of the trust.  Today’s women are often quite capable of managing their own finances and are better served by having flexibility to grow their funds rather than being restricted by the trust.

Younger Women

There are plenty of reasons that a younger woman should to meet with an Atlanta will and trust lawyer, too.  In the case of a single mother, assigning a guardian is critical in case of the mother’s death or incapacitation.  If a guardian is not legally named, the courts will step in and choose a guardian for the child without taking the mother’s wishes into consideration. An estate planning attorney may also advise younger mothers to consider setting up a trust for their child(ren) and maybe even to look into life insurance policies that could be used to fund the child(ren)’s future.

Whether married or not, many younger women have careers and would benefit from retirement planning in this earlier stage of life.  By being proactive early on, a woman can set up her 401k and other accounts to make sure she realizes her long-term financial goals.  Looking to retire young, to pay for your kids’ college, or to travel the world?  A will and trust lawyer in metro Atlanta can help put things in motion now to make that a reality later.

If you have a significant other in your life, it makes sense for the two of you to work together with your Atlanta estate planning attorney to make sure that your goals align and that your plans are compatible.  Your attorney can help you properly deal with “his, hers and ours” to ensure that your assets are titled properly and that your financial house together is built on a solid foundation.

Image courtesy of Ambro at FreeDigitalPhotos.net

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