Duluth Georgia Estate Planning Legal Blog
Your estate plan can take care of your pets
Last year, when the designer Karl Lagerfield died, reports suggested that he had left some or all of his $195 million fortune to his cat, Choupette. This struck many people as an outrageous act of celebrity eccentricity, but in fact a lot of people like to provide for...
Estate planning for tax protection and savings
With the annual welcome of the new year, many Georgia residents take up resolutions. These often include getting fit, eating better, writing a novel or taking care of important preparatory details. Estate planning is one important thing that many Americans delay...
The SECURE Act and estate planning changes
With the estate tax exemption at $11.4 million for individuals and twice that for married couples, the Tax Policy Center estimated that fewer than 2,000 estates in 2018 did not receive this exemption. This change means that the concern for affluent families in Georgia...
Age doesn’t matter when it comes to preparing for the future
It doesn't matter if you are just beginning your career, nearing retirement or anywhere in between, there is no time like the present to prepare for the future. In fact, it's about more than just preparing for the future. It's about making sure that certain...
How to contest a will
Many people in Georgia have had the experience of being left out of a close family member's will. Though the situation can be unpleasant both emotionally and financially, there is usually not anything that can be done about. However, there are rare cases where a...
How to bring up the subject of estate planning
Georgia residents and others may not feel comfortable talking about their finances. They may also not be comfortable talking about dying or becoming disabled at some point in the future. However, it is generally better to put a financial plan in place before passing...
Determining if two trusts are needed
Wills and trusts are designed to allow a person to control their assets and make sure their families are provided for when they are gone. Georgia residents may wonder if it is possible to have more than one trust and if a second trust would revoke the first one.In...
Why the location of a trust may be important
Those who reside in Georgia may decide to include a trust as part of their estate plans. However, it may be possible to create the document in another state, and many people choose to locate their trusts in Delaware. Delaware is a popular option because beneficiaries...
Important steps to take when crafting an estate plan
Georgia residents and others will ideally create an estate plan that takes care of their needs both while alive and after passing. It is also important that individuals can articulate what their plan does and how it could impact the lives of family members and...
The federal estate tax return timeline
An estate is frozen the moment that a federal estate tax return is received by the IRS. This means that assets cannot be transferred, and other transactions cannot be initiated or completed until the return is accepted. When that happens, the IRS will send an estate...
