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Executors are a pinnacle figure of an estate plan. As such, it is important to understand how to select the best possible one. Though each estate plan is different and has its own unique needs, the core traits that make a decent executor still remain relatively...
When you put together a Georgia estate plan, you likely include a will, which is arguably the most fundamental part of the plan. The will gives you a chance to outline who you want to take ownership of your assets after your death. It also gives you an opportunity to...
Creating a trust can be an efficient way to give your heirs an inheritance. Remember that when you compose your trust, you must be sure to fund it or assign ownership of property to the trust. Even if you complete this important step, you may come into valuable assets...
While it is true that by having an estate plan, you have already taken a step in the right direction for your financial future, it does not mean you stop planning. Many people create an estate plan, lock the document away and forget about it. If you want a valid and...
If you own a business, creating a business succession plan is essential. The procedure itself is a document that details how the process of changing ownership works for your business. According to Business Wire, 70 percent of businesses have a succession plan....
Many factors, such as the cost of living and quality of healthcare, go into choosing a place to retire. Seniors who hope to pass as much of their estate as possible on to their heirs also consider how tax-friendly a state is. Georgia is a popular place for seniors to...
Even if you have enjoyed good health throughout your life, it is impossible to predict the future. Rather than worrying about the unpredictable fallout from an unexpected illness or catastrophic injury, it makes sense to plan for a health-related crisis. While there...
Estate planning encompasses more than a will. If someone you love receives government assistance, you may want to incorporate a specialty trust as part of your plan. A special needs trust goes above and beyond to care for someone you love. Discover why you may want to...
Picking an executor for your estate is an important part of setting up your estate plan. They will manage most of the estate affairs after your death, meaning you must trust them and view them as responsible. Many people will default lean toward relatives for that...
In Georgia, probate is necessary for all wills, including assets over $10,000. When a will contains property, it must go through common or solemn probate. A will's executor typically determines which option to pursue when submitting the will to probate court. What is...
