Frequently Asked Questions
Every legal matter is unique, but many people begin with similar questions. Below you’ll find answers to some of the questions we hear most often about consultations, business law, estate planning, and probate. If you don’t see your question here, we’re always happy to help.
COMPASS LAW GROUP
Getting Started
What happens after I contact Compass Law Group?
What should I bring to my first meeting?
How much does a consultation cost?
What areas of law does Compass Law Group handle?
Do you serve clients outside of St. Simons Island?
Business Law Questions
When should I talk to an attorney about my business?
Which business structure is right for me?
Can you help existing businesses?
What is business succession planning?
Estate Planning Questions
When should I create an estate plan?
Do I need a will or a trust?
How often should I update my estate plan?
What documents are included in an estate plan?
Estate Administration & Probate Questions
What is the difference between probate, estate administration, and trust administration?
Probate is a court-supervised process that may be required to settle an estate. Estate administration is the broader process of settling a person’s affairs and administering estate assets after death. Trust administration is the process a trustee follows to manage and distribute assets held in a trust according to its terms.
Does every estate go through probate?
Not every estate requires probate. Whether probate is necessary depends on factors such as how assets are titled, the types of assets involved, and whether other estate planning tools are in place.
How long does probate take?
What does an executor or administrator do?
Executors and administrators are responsible for administering an estate according to Georgia law. Responsibilities may include filing court documents, identifying and protecting assets, notifying creditors, paying debts and expenses, and distributing property to beneficiaries.
What happens if someone dies without a will?
When someone dies without a valid will, Georgia law determines who is entitled to inherit the estate. An administrator may need to be appointed to handle the estate administration process.
What is a trust?
A trust is a legal arrangement that holds and manages assets for the benefit of designated beneficiaries. The person responsible for managing the trust, known as the trustee, must administer the assets according to the terms of the trust.
What does a trustee do?
A trustee is responsible for administering assets held in a trust according to the trust’s terms. Responsibilities may include managing trust assets, communicating with beneficiaries, addressing financial and legal obligations, and making distributions.
Does a trust have to go through probate?
Assets properly held in a trust generally can be administered outside of probate. Whether probate is also necessary depends on how other assets are titled and the circumstances of the estate.
Still Have Questions?
If you don’t see your question here, we’d be happy to help.
Every legal situation is different, and the best place to begin is often a conversation. Contact Compass Law Group to schedule a consultation and discuss your specific circumstances.
From Compass Points
Some questions deserve a deeper conversation. Others deserve a deeper answer.
Discover Compass Points, our collection of articles designed to help individuals, families, and business owners better understand legal topics, prepare for important decisions, and stay informed as life changes.