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September 2019 Archives

Three estate-planning tips for couples without children

Couples without children in Georgia and other states do not have the same concerns as couples with children when it comes to estate planning, but they still must plan ahead. They likely want their assets to go to charities or educational or religious institutions upon their death as opposed to them being divvied up by the state.

What to know about special needs trusts

Parents of special needs children in Georgia and throughout the country face a variety of obstacles raising their sons and daughters. One of the challenges that they face is ensuring that there is enough money or other resources to provide the care that they need. It is not uncommon for special needs individuals to rely on Medicaid or other government programs to provide some of those resources. However, there are income or asset restrictions that participants in those programs need to abide by.

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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