Brunswick, GA Estate Planning Law Firms & Lawyers

It is probably too late for your father to execute a power of attorney. He needs to possess a minimum of testamentary capacity to execute a power of attorney. It sounds like you will need to obtain legal guardianship through the courts to be appointed his guardian and be authorized to make both health care and financial decisions for him. The Clark County Family Courthouse has a self-help center where you can purchase forms or view them online if you want to try to prepare the paperwork on your own. It is not a seamless process so it is usually preferable to hire an attorney with significant guardianship experience to assist you.

You may or may not need a trust or a family limited partnership. However, you do need an estate plan if you don't already have one in place. Even if you do have one in place, if it has been more than 3 years or so, it would be a good idea to sit down with your estate planning attorney and give it a review.   This question is not one which is suited for an answer on this forum, because in order for me or any other attorney to tell you what you should have in place to protect your family and transfer your assets effeciently, the attorney MUST be able to sit down with you, review your assets in detail, review your family situation, explain the issues you are facing and your options for dealing with them, and make personal recommendations. So, I cannot tell you whether you need a trust, FLP, or any other planning structure. I can tell you that if you have rental properties or a working farm (you mentioned the farm, but you don't state what type of activities you conduct on the farm and whether it's really a business or just a personal use farm), you may well benefit from having at least one or two limited liability companies (which may or may not be structured as typical "family" LLCs), to help protect you against potential liability that might arise with regard to those properties. As for a trust, there are two basic types: irrevocable and revocable. Irrevocable trusts come in many flavors, but are primarily tax planning techniques. If done correctly, the irrevocable trust is generally designed to eventually move the assets it holds out of your estate for estate tax purposes; some types are also designed to have charitable deduction benefits. They generally also involve the loss of at least some degree of control by you over the assets transferred to the trust. Revocable trusts are usually a probate-avoidance technique, but can also be helpful in the event of a long-term incapacity. If you have real estate that is located in a different state from your principal residence, or if you plan to distribute your estate in a manner that may make a would-be heir unhappy, avoiding probate may be a good idea. Otherwise, whether you really need to avoid probate depends on your principal state of residence (GA is generally NOT a state where a normal probate is all that difficult or expensive). Please find a good estate planning attorney in the state where you have your principal residence and get a consultation. It will be worth the time spent.

The wife will most likely get the home unless she wants to deed it back to your mother. If wife was not on the deed then the house will go through Probate where wife can inherit most if not all of the estate.