Georgia residents and others will ideally create an estate plan that takes care of their needs both while alive and after passing. It is also important that individuals can articulate what their plan does and how it could impact the lives of family members and...
Month: November 2019
The federal estate tax return timeline
An estate is frozen the moment that a federal estate tax return is received by the IRS. This means that assets cannot be transferred, and other transactions cannot be initiated or completed until the return is accepted. When that happens, the IRS will send an estate...
Tips for improving an estate plan
Many Georgia adults may lack estate plans, and many of those who do have them could improve them. It is not uncommon for people to have no estate plan or to have an insufficient estate plan whether they are very wealthy or have few assets. Incorporating charitable...
How to overcome estate planning roadblocks
Georgia residents may not like contemplating their mortality. However, creating a thorough plan can make it easier for surviving family members to settle an estate in a timely manner. It may be best to create a list of physical assets and financial assets in the...
Potential pitfalls of electronic wills
While electronic wills are not yet considered legally binding in Georgia, several other states have passed legislation that permits them, and Georgia could change its laws in the future. Many younger adults prefer e-wills because they are in line with other services...
Georgia’s special needs trust types
When you have loved ones with special needs, there are certain times and situations wherein they require additional care and consideration. This is particularly true in regards to their care in the case that a guardian or caregiver passes or is no longer...