Estate planning can be important for everyone who wants to protect their family's future, but it can be especially so for Georgia business owners. In fact, an estate plan can help them to protect the future of their family as well as their business and those who rely...
Month: June 2018
Explaining the reasons for an estate plan to family members
A Georgia resident who is making an estate plan might want to think about whether their intentions will be understood and followed by family members. While an estate owner could have a will, financial powers of attorney and trusts, there could still be conflict...
Appointing the right executor to protect your estate
An effective estate plan can go a long way to protecting your assets and ensuring they go to the appropriate beneficiaries in accordance with your wishes. However, like many other plans, even the best estate plan is often only as good as the person implementing...
About dynasty trusts
Georgia residents who have significant wealth may want to consider using a dynasty trust as part of their estate plan. A dynasty trust is unlike the majority of other types of trusts in that it does not expire. It can be opened in a select number of states.Dynasty...
Steps to take when parents didn’t leave a will
Despite all the information available to them, some seniors neglect to write a will. It could be because they expect to live a lot longer or because they are so busy that it slips their minds. Whatever their reason for not putting their wishes in writing, there are...
Reasons why it is important to have an estate plan
Some Georgians either think that they do not need estate plans or put off writing one until it is too late. It is important for people to have estate plans in place so that they have control over how their assets are passed and can minimize various taxes and fees.If...
How to decide who plans the funeral
While no one wants to think about their mortality, it is worthwhile for Georgia residents to know their options when it comes to planning their funerals. For instance, it is acceptable to put funeral instructions in a will. It is also possible to use a planning...
The reasons some estate plans fail
According to a report from BMO Wealth Management, 40 percent of parents never have an estate planning conversation with their children, and fewer than one-third of adults reported knowing any details of their parents' estate plan. Only a quarter of adults said their...