Georgia residents may have planned to pass down their assets and legacy directly to their children. However, this may not always be a wsie idea. This is because a person's offspring may not be qualified to run a business or handle money on their own. They also may not...
Month: July 2018
Tax changes force Georgia trust owners to make tough decisions
The Tax Cuts and Job Act of 2017 changed the tax code in a number of important ways. However, one overlooked aspect is how the law impacts estate planning strategies, especially with regard to irrevocable life insurance trusts, or ILITs.The ILIT has long been a staple...
Trust strategies for supporting people with special needs
Families in Georgia that include a person with special needs must consider that individual's long-term welfare and maintenance. The direct assignment of an inheritance to a person born with disabilities or who was disabled by an accident or disease could likely...
Interest rates can affect trust decisions
When people in Georgia make plans for their assets, trusts are an important tool that can help them plan for the future while providing ongoing income and benefits. The ongoing increase in interest rates, however, could cause people to make some changes in how they...