When planning for the future, many people think about retirement planning and asset protection and distribution. However, fewer people consider what will happen if they are unable to make their own medical decisions. An advance directive for health care outlines...
Strategies to avoid probate in Georgia
If you are planning your estate, you may have concerns about your family handling the expensive, complex probate process. Fortunately, state laws in Georgia may allow some or all of your estate assets to bypass probate and go straight to your intended beneficiaries. ...
Funding a trust with life insurance
A will is an important part of your Georgia estate plan. However, when you have specific goals in mind or wish to maximize how much of a legacy you have to leave behind, you may want to think about trusts. Several different types of trusts exist, including revocable...
Who is the best choice for your estate executor?
As a resident of Georgia, you spent time and effort to build up your estate. As such, it only makes sense that you put just as much time and effort into protecting it. You should ensure it gets handled according to your wishes after your death. In order to ensure...
3 common estate planning mistakes
Proper estate planning gives you the opportunity to make informed decisions about the future of your estate. Having an estate plan in place is highly beneficial as it allows you to maximize the value of assets you leave to your successors. Familiarizing yourself with...
Preparing the kids for their inheritance
Typically, children learn about their inheritance shortly before their parents’ death or during the administration of their estate. But your estate planning should include preparing your children for their inheritance so they can use it wisely. Parents need to prepare...
How to store estate planning documents
Many Duluth area residents have taken the time to create their estate plan. They understand that having this in place can alleviate stress and offer peace of mind. Since these documents are so important, storing them safely is critical. Those who have created an...
Don’t let your carefully drafted estate plan gather dust
Many people in Duluth have wisely created a comprehensive estate plan. However, there is one critical error that can be made that could cause the carefully executed estate plan to fall apart. That mistake is failing to periodically review your estate plan. Why review...
Why do college students need estate planning documents?
There is an unfortunate common misconception that estate planning is for the wealthy or for the elderly. What many do not realize is that estate plans can also include provisions for situations that can take place when one is still alive, such as if one is unable to...
Estate Planning with Medicare, Social Security, and Retirement
When beginning the process of estate planning, certain assets do not immediately come to mind for most people. Normally, the first assets to be considered are those that are physical and can be seen. Some examples would be houses, vehicles, and cash. However, there...
