If someone recently left you money or property, it is unlikely that you would owe an estate tax. Georgia no longer has this type of tax for new estates. Additionally, the estate itself owed the tax under the previous system. Therefore, you as an inheritor would not...
Estate planning is an important tool that allows you to ensure that your money goes where you want it to after your death. Unfortunately, poor estate planning could have the opposite effect, reducing the amount of assets that go to your family. How can you pass on...
Inheriting money or property can be a joyous occasion and a pleasant surprise. However, one's elation can quickly turn sour after realizing that the government may want a share. Taxes vary from state to state, so Georgia residents cannot rely on information from...
When you die in Georgia and have significant assets to your name, you may have to pay estate taxes if your assets exceed a certain amount. Estate taxes have the potential to eat up quite a bit of the legacy you plan to leave behind. However, there are certain steps...
Taking the step to create an estate plan is one of the best things you can do for your loved ones. It will help erase ambiguity after your death and ensure your wishes go as planned. However, there is still room for problems to come up. According to U.S. News and...
Many factors, such as the cost of living and quality of healthcare, go into choosing a place to retire. Seniors who hope to pass as much of their estate as possible on to their heirs also consider how tax-friendly a state is. Georgia is a popular place for seniors to...
To protect your money from the estate tax, you want to distribute assets while alive. How do you do so the right way? The Kendal Corporation offers several strategies for giving gifts to heirs. Take advantage of opportunities while still alive to support your loved...
Poor estate planning could chip away at your legacy and reduce the amount of money that goes to your family. An important part of any estate plan focuses on reducing tax payments. Knowing the best strategies allows you to pass on your hard-earned money to your heirs....
As a Georgia resident who worked hard to be able to leave a legacy behind for your loved ones, you may be looking for ways to maximize how much your beneficiaries stand to gain after your death. If your assets are substantial enough, you may have to pay estate taxes....
If you amassed significant wealth in Georgia, you may wonder if you will have to pay estate taxes. Estate taxes can significantly increase the cost of death, especially for the wealthy, which is why many individuals take proactive measures to avoid them. The good news...
