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June 2019 Archives

Digital assets may complicate estate planning

Estate planning tends to be more straightforward under Georgia law when an individual only has physical assets. However, it is not uncommon for people today to have a variety of digital assets. These are almost anything that is stored on a server or accessed on a computer. Assets may include email accounts, bank accounts and brokerage accounts. They can also include a social media profile or a subscription to an e-commerce site.

Single parents and estate planning

For single parents in Georgia, estate planning involves important decisions that can have a huge impact on the future of a child. These decisions are based on a variety of factors that include both the capabilities and the limitations of offspring, and they consider things like schooling, living arrangements, friendships, and financial stability. A solid estate plan creates a situation where a child can seamlessly transition into a new life after the death of their single parent.

Estate of deceased actress worth $6.8 million

New probate court papers have determined that the estate of Carrie Fisher, who passed away in 2016, is worth more than $6 million. Fisher is known throughout Georgia and many parts of the world after appearing as Princess Leia in several Star Wars films. The estate executor for the actress requested a final value for the state in order to begin final distribution of the assets.

Estate planning decisions are not always easy

Many people have a difficult time making estate planning decisions because they find it unpleasant to face their own mortality. Others recognize the importance but face hard choices based on specific issues with certain members of their family. This can be especially true when it comes to asset protection for high-net-worth Georgia residents.

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