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September 2019 Archives

Administrating a loved one's estate: some challenges

Georgia residents may have decided to take on the role of executor of a deceased loved one's estate, in which case they will need to know what sort of challenges they will face. First, an executor is in charge of identifying the estate's assets, paying off debts, filing tax returns and distributing the estate to the heirs and beneficiaries.

The advantages of trusts over wills

Individuals may be able to benefit from having both wills and trusts in their estate plan. However, it is important for Georgia residents and others to understand the key differences between the two estate planning tools. If an asset is controlled by a will, it will have be distributed under the guidance of a probate judge. If an asset is controlled by a trust, there is no need to go through probate.

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