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March 2017 Archives

Trusts can provide for beloved pets in Georgia

Statistics released by the Insurance Information Institute reveal that the majority of households in the United States -- approximately 65 percent -- have one pet or more. For many families, a pet is more than an animal but a beloved member of the family. Even further, some reports by the National Center for Health Research found that elderly people who cared for a pet were better able to care for themselves, sometimes preventing the need for an assisted living facility. Because of their concern for their pets, many people in Georgia want to ensure that their pets' needs are met even when they are unable to do so on their own, often prompting them to seek information on tools such as trusts

Majority of Americans do not have wills

If asked, the vast majority of people in Georgia and across the country would likely claim to be aware of the importance of estate planning documents. These documents can range from wills that indicate who will have custody of children and explain how assets should be distributed to powers of attorney which indicate who will make medical and financial decisions in the event a person becomes incapacitated. However, a recent survey reveals that a majority of adults in the United States do not have necessary documents in place.

Best of Gwinnett 2016 state bar of georgia wealth counsel

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