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May 2018 Archives

The advantages of a corporate trustee

People in Georgia might want to use a trust in an estate plan for a number of reasons. A trust can be used to minimize taxes on assets. With a trust, a grantor can also place conditions on how assets will be distributed. This may include specifying whether distributions will take place over time or tying them to specific conditions such as milestones in the beneficiary's life. The grantor may also use the trust to state what its purpose is.

Using an estate plan to pass values on to loved ones

Georgia residents who are creating an estate plan might wonder how they can use the plan to reinforce the values about money that they want to pass down to their children. This may be part of a lifelong process to impress upon family members that what can be done with money, including helping one another and the community, is more important than the money itself.

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