Your Will

Brought to you byGeerdes & Associates

Anyone who’s read a Victorian novel or watched Knives Out has heard about the Last Will and Testament. A Will is a document that contains an individual’s wishes for his or her asset distribution upon his or her death. There are four major parts to a Will:

First, it lists identifying information for the Testator or Testatrix- the person who is writing the Will. This information generally includes the full legal name and residential address of the Testator. It can also include the birth date and contact information. Next, the Will details the powers that would be granted to the Executor of the Will. The Executor is the person named or appointed by court to distribute the decedent’s assets. After that, the Will names Guardians for any minor children that the decedent may have. Some Wills may even name Guardians for their beloved pets! Finally, the Will should provide supplementary information that specifies terms used in the document, which prevents ambiguous terms from slowing down probate. Although these four parts may seem simple, don’t underestimate how complicated a Will can get, particularly if you want to designate specific assets such as a ring or even a property to a specific person. Properties in particular are often contested, as mortgage companies will try to claim a property after the owner’s death. Wills can also be contested if the decedent’s heirs fight amongst themselves. That’s why it’s important to not rely on generic templates or Will generators that you may find online. It is always recommended to find the help of an attorney specializing in estate planning to decide on how you can encapsulate all of your wishes in your Will.

to you by Wesley Hansard, Harry Norman Realtors

The North Fulton Real Estate Market had a very strong Q1 in 2023. We continue to see home prices rise and the lack of inventory in the overall market is pushing the demand and prices higher. We did see a longer, but normal, average days on market for the start of Q1. Coming out of the holidays and the high interest rates, compared to 2022, contribute to this. We are, also, not seeing as many over asking price contracts, as compared to 2022. In the first Quarter, the average sales price to listing price ratio was 98.3%. In 2022, this ratio was around 101%! If you are looking to buy or sell, you need to be informed about what is going on in the industry, and I would be happy to help you out.

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• levels in the market are still at an all-time low, which is creating difficulties for both Buyers and Sellers.