You need to have a lawyer do this so that it will hold up. Probate in Georgia with only one heir is relatively simple, but one small mistake can cause him to have to pay out alot of money to get fixed. Talk to him about the cost and go sit down with someone in your area to see what your options are, including deeding the property to him and retaining a life estate, and the technical requirements for transfer now or upon your death.
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Let me rephrase your question. "I have a toothache, and I can't afford a dentist. If I get some pliers and pull it, will I be okay, heal, and not have pain or an infection?"
Maybe, maybe not.
The same is the answer on a homemade will. Maybe it works. Maybe it sort of works, and causes your son to spend extra money on probate. Or maybe it's no good at all.
Doing a will with a real lawyer isn't that expensive, and you will also get other planning you may need at the same time (such as durable power of attorney, living will/health care directive, etc.). Call me with details and I think you be surprised how little doing it right will cost - 404-768-3509.
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It may as long as it meets the requirements of the state and is properly executed. However, before you do so you should take the time to go and sit down with an attorney to discuss the matter.
Darrell B. Reynolds,
Attorney and Counselor at Law
2385 Lawrenceville Highway, Ste D
Decatur, Ga. 30033
This is not as simple as you believe it to be. It is probable that your son would receive the property, anyway, under Georgia intestate law. But he would need to go through probate to get title. There may be an easy and relatively inexpensive way to avoid probate, but you are not going to be able to do that on your own.
You also need to provide for what happens if you become incapacitated. A Power of Attorney form for health care and for financial matters could save your son a lot of hassle, and you some money, but avoiding the need for a guardianship/conservatorship to take care of you. These forms are not expensive to have drawn up. But they should be prepared by an attorney, so you can be sure they are done right.
*** LEGAL DISCLAIMER I am licensed to practice law in the State of Michigan and have offices in Wayne and Ingham Counties. My practice is focused in the areas of estate planning and probate administration. I am ethically required to state that the above answer does not create an attorney/client relationship. These responses should be considered general legal education and are intended to provide general information about the question asked. Frequently, the question does not include important facts that, if known, could significantly change the answer. Information provided on this site should not be used as a substitute for competent legal advice from a licensed attorney that practices in your state. The law changes frequently and varies from state to state. If I refer to your state's laws, you should not rely on what I say; I just did a quick Internet search and found something that looked relevant that I hoped you would find helpful. You should verify and confirm any information provided with an attorney licensed in your state.