In a significant development in the world of trusts and estates in Georgia, lawmakers have proposed changes to inheritance laws that could impact how assets are distributed among heirs. The proposed bill, titled the Georgia Inheritance Equity Act, seeks to modernize and streamline the inheritance process to ensure a fair and equitable distribution of assets.One of the key provisions of the bill is the introduction of a mandatory mediation process for disputes among heirs regarding the distribution of assets. This aims to reduce the burden on the courts and provide a more efficient and cost-effective way to resolve conflicts. Under the proposed law, parties involved in disputes will be required to attend mediation sessions before seeking court intervention.Additionally, the bill seeks to update the laws governing trusts to make them more flexible and adaptable to changing circumstances. This includes allowing for the creation of virtual trusts that can be managed online, as well as clarifying the rules around the appointment of trustees and their duties.Another noteworthy aspect of the proposed legislation is the inclusion of provisions aimed at protecting vulnerable heirs, such as minors and individuals with disabilities. The bill outlines specific guidelines for how assets should be managed and distributed to ensure the well-being and financial security of these individuals.Overall, the Georgia Inheritance Equity Act represents a significant step towards modernizing the state's inheritance laws and ensuring a fair and efficient distribution of assets among heirs. Lawmakers hope that these changes will lead to a more transparent and accessible trusts and estates system that benefits all parties involved.The bill is currently under review by the Georgia legislature and is expected to generate significant discussion and debate in the coming weeks. Stay tuned for further updates on this important development in trusts and estates law in Georgia.