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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...
As the executor of the estate, you are typically responsible for filing the taxes. As you begin this process, you could have many questions about the fine details. The Internal Revenue Service says that you have to file estate taxes if your loved one's estate exceded...
All wills are subject to a process known as probate. Accordingly, it is important that you understand how the probate process works. With probate, the court will review your will to ensure it is legally binding. From there, the court will use your assets to pay off...
When an individual faces an immediate risk of irreparable harm, it may be possible to appoint an emergency guardian for that individual. According to Georgia Courts, a person can request the appointment of an emergency guardian for another individual by petitioning...
The probate process has a notoriety for being one of the longest parts of handling an estate. This is why many people will do anything they can to avoid it, sparing their heirs and loved ones from having to wait to access their inheritence. Many people may consider...
Getting your affairs organized may seem like a daunting task. However, there are some tools and documents that can ease the estate planning process. While a last will and testament is an essential part of your plan, a living trust may be advantageous as well. Contrary...
Establishing a bloodline trust is a firm way to ensure that your assets remain in the hands of your family. A bloodline trust dictates where your assets remain, namely in the hands of your children and their descendants. There are major life changes that may prompt...
Regardless of your age or current level of wealth, estate planning is crucial. A solid estate plan ensures your family receives your assets in the manner you intend. It can also benefit you while you are still alive, in the event you experience a major illness or...
When your aging mother or father showed signs of experiencing memory or cognitive problems, you grew concerned. One of your biggest worries could be about your loved one's finances. If you want to become your parent's guardian, see what AARP says about overseeing...
