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When someone dies, there is a legal process for distributing assets and paying off debts. This process is probate. For the executor and potential heirs, understanding what occurs during probate may help speed up and simplify the process. Probate process when there is...
With all those commercials touting the benefits of a living trust versus probate, you may wonder if you should invest in the former to avoid the latter. After all, probate is “costly,” “time-consuming” and “public.” According to FindLaw, a living trust is rarely a...
By writing a will, you are ensuring that your loved ones receive the portion of your Georgia estate that you want each of them to have. However, the estate still has to go through probate, whether or not you have a will. At Boling Rice LLC, we often provide...
It’s often surprising how families end up at odds once a beloved matriarch or patriarch passes away. When the details of the will come out, it is not uncommon for relatives to be unhappy about who received what or if they didn’t receive anything from the estate....
Georgia fans of the late film director John Singleton may be surprised to know that there may be some estate issues complicating things for the loved ones he left behind. Singleton, who died in April 2019 at the age of 51, reportedly had a will that was already...
When a person dies in Georgia or another state, the sum of their possessions both in and outside the United States is subject to estate taxes. These possessions, known as their gross estate, don't just include physical property. Bank accounts, investments, annuities...
