Georgia fans of renowned singer Aretha Franklin may be giving new thought to estate planning after the news that the 76-year-old star passed away without a will. She died in August after a long fight against pancreatic cancer, but it was discovered that she had never...
Month: August 2018
Making an estate plan for cryptocurrency
When people in Georgia consider their plans for passing on their property in the future, they may frequently think about assets like real estate, bank accounts and investment funds. However, the developing interest in cryptocurrency highlights other types of digital...
Trusts, estates and tax reform
Georgia residents can include trusts in their estate plans to ensure that assets are distributed in a certain way. With the passage of the Tax Cuts and Jobs Act, it is important that individuals who do use trusts are aware of how the trusts can be impacted.Individuals...
Trusts can minimize estate tax liabilities
Georgia residents who are thinking about the future may find that their estate plans are affected by the increased transfer tax exemption brought into existence by the 2017 Tax Cuts and Jobs Act. While the transfer tax exemption was doubled to $11.18 million per...
How to leave money to non-family members
As you decide where you want your money to go when you pass on, you may be considering beneficiaries outside the family. Perhaps you have few relatives left or that you are close to. Or maybe you have special people in your life that you want to thank for their...
Trust distributions could be subject to flexibility
Georgia parents who are setting up trusts to manage the distribution of inheritances to their children often have valid reasons for controlling the flow of money. Whether a will creates a testamentary trust or a benefactor establishes a lifetime irrevocable trust, the...