Duluth Georgia Estate Planning Legal Blog
What is a spendthrift trust?
A spendthrift is a person who spends their money too quickly and often wastes it. From the outside, it appears that they make poor financial decisions that impact their quality of life. While it’s one thing to watch a person do that with money they earned, it’s...
How to store estate planning documents
Many Duluth area residents have taken the time to create their estate plan. They understand that having this in place can alleviate stress and offer peace of mind. Since these documents are so important, storing them safely is critical. Those who have created an...
Don’t let your carefully drafted estate plan gather dust
Many people in Duluth have wisely created a comprehensive estate plan. However, there is one critical error that can be made that could cause the carefully executed estate plan to fall apart. That mistake is failing to periodically review your estate plan. Why review...
Seven tips for talking to your parents about estate planning
Many of us become worried about our parents as they age. We might be concerned about their health and physical and mental well-being, their ability to make appropriate financial decisions, or their plan for the future of their assets. Some of your elderly loved ones...
Why do college students need estate planning documents?
There is an unfortunate common misconception that estate planning is for the wealthy or for the elderly. What many do not realize is that estate plans can also include provisions for situations that can take place when one is still alive, such as if one is unable to...
Estate Planning with Medicare, Social Security, and Retirement
When beginning the process of estate planning, certain assets do not immediately come to mind for most people. Normally, the first assets to be considered are those that are physical and can be seen. Some examples would be houses, vehicles, and cash. However, there...
5 important steps for preplanning a funeral
Nobody likes thinking about funerals – especially their own. But preplanning for your funeral can ensure that your wishes are carried out. It can also bring peace of mind to your family during a very difficult time. As you grow older, preparation becomes even more...
Choosing the right guardian for your child
If anything were to happen to you, you’d want your child to be in the best care possible. While this scenario is never fun to think about, it’s important to plan for – just in case. But choosing the best guardian for your child is not an easy task. There are many...
Why you need to draft a solid estate plan
We all live with the daily knowledge that nothing in life is set in stone. It’s not a fun task to think about the contingencies that need consideration in the event of your death. For those without an estate plan in place, it is their families who often bear the...
How revocable living trusts can supplement a will
A last will and testament allows you to name beneficiaries who will receive your assets in the event of your death. Having a living trust associated with that will can provide more options for how your assets are transferred, with several tangible benefits to you and...
