While you are eager to begin planning your estate in Georgia, you are beginning to question if your outcome will be as effective as other people you know who have heirs. Your dilemma is that you do not have anyone to name as an heir. While the way you choose to distribute your assets may be unconventional compared to most people, the methods you use will be relatively the same.
According to cnbc.com, one individual who did not have any heirs to award assets to, ultimately ended up putting the desired funds into a scholarship fund that was created in her name. Should you choose to do something like this, you could begin awarding scholarships while you are still living so you can see the benefit and feel the satisfaction of helping other people.
Your decision to create a scholarship or something similar, allows you to have significant input into the creation of stipulations and contingencies that you want to require in order for recipients to be able to collect the money you have donated.
Other suggestions include donating your money to a charitable fund or gifting it to notable businesses or educational facilities that you are fond of. When it boils down, you can consider things you are passionate about and then look for ways to donate your money to a cause related to your interests. Even though you may not have been able to identify any heirs at the start, there are lots of other useful and impactful ways to distribute your inheritance. The information in this article is intended for educational purposes only and should not be taken as legal advice.
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