By giving to a charity, a Georgia resident can feel like they're giving back to the community they love. While some donate every year or work as volunteers, others make their biggest contributions at the time of their passing. A solid estate plan can help ensure a...
Month: January 2019
Avoiding probate and family conflicts
Some estate planners in Georgia might be concerned about the probate process. In general, all estates must pass through probate unless there are provisions in place to transfer assets to heirs in other ways.For example, heirs could be made joint owners on accounts and...
Signs you need a trust for your estate plan
Every estate plan is unique. If you are thinking of how to protect and transfer your assets when you die, you may wonder how to do it in the most effective manner. The right estate plan is comprehensive, efficient and cost-effective. Sometimes, a trust is the...
Estate planning when dealing with addiction
In 2016, there were more than 42,000 deaths related to opioid use, which was a 500 percent increase from 1999, according to data from the Centers for Disease Control and Prevention. Georgia residents who are trying to create an estate plan may need to account for a...
Are trusts better than wills?
Trusts and wills are legal instruments used in Georgia for estate planning purposes. Neither one is better than the other. They are simply different. A will acts as a guide for handling a person's estate after he or she dies. For instance, a will might specify how to...
Life insurance provides cash for immediate estate expenses
People with large estates in Georgia might want to investigate the potential usefulness of life insurance within an estate planning strategy. A life insurance policy could provide cash soon after the benefactor's passing to assist heirs with near-term estate...