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A will is an important part of your Georgia estate plan. However, when you have specific goals in mind or wish to maximize how much of a legacy you have to leave behind, you may want to think about trusts. Several different types of trusts exist, including revocable...
Two big pillars of estate planning are wills and living trusts. Most people are familiar with the concept of a will: it is a document that can act as a guide for distributing assets or making arrangements after one's death. For instance, you can use a will to ensure...
As a resident of Georgia, you spent time and effort to build up your estate. As such, it only makes sense that you put just as much time and effort into protecting it. You should ensure it gets handled according to your wishes after your death. In order to ensure...
As your parent ages, you will have to make some difficult decisions about how to ensure he or she remains safe and healthy. There may be a point where you feel he or she is no longer able to take care of or make decisions for him or herself. If this happens, you may...
Proper estate planning gives you the opportunity to make informed decisions about the future of your estate. Having an estate plan in place is highly beneficial as it allows you to maximize the value of assets you leave to your successors. Familiarizing yourself with...
Many people specifically set up their estate plan to avoid probate. There are many reasons to avoid probate, including the fact that it can be time-consuming, expensive and the public nature of probate is off-putting to some. However, just because a particular...
When it comes to estate planning, there are various key issues that people must consider when creating or making changes to an existing estate plan. Taxes play a critical role in the way in which assets are distributed and it is important for people to recognize that...
Like other states, Georgia law specifies what happens when a resident of this state dies without leaving a will or other estate planning documents. Basically, if a person is married at the time of the death, then the spouse will receive the entire probate estate. If,...
Typically, children learn about their inheritance shortly before their parents’ death or during the administration of their estate. But your estate planning should include preparing your children for their inheritance so they can use it wisely. Parents need to prepare...
There are many forms of representation that residents may need to use if they are unable to make their own choices. But, understanding the various types is key to the estate planning process. The most commonly understood version is guardianship. A probate court can...
