After working with an attorney to create an estate plan that covers all contingencies, one question remains: Who should be the executor? This is an important decision, because the executor will administer your estate for you after you pass. In this post, we will look...
Estate Planning
When should I update my estate plan?
Once you create an estate plan, you may feel great peace of mind that you have accomplished this underappreciated, yet essential part of planning for the future. If you are a parent with younger children, you might not think about your estate plan again for years. Yet...
Understanding the benefits of a special needs trust
Many Georgia families have a member who suffers from one or more disabilities. These individuals frequently can rely on various government programs for essential needs, such as shelter, food and medical care. Many of these plans, however, have financial limits on...
Is there a way to prevent will contests before they start?
Is there a way to prevent will contests before they start? If you are in the process of estate planning in Cummings, you may decide not to split your estate evenly between your heirs. This can naturally cause friction that, left unaddressed, could lead to a will...
One home, multiple kids: what’s a fair estate planning solution?
If you’re like most people, the house you live in is far and away the most valuable asset you own. If you think about the value of all of your other assets compared to the value of your home, it can seem impossible to make an even division of your property in a way...
Powers of attorney: Legal execution and when it goes into effect
Estate planning encompasses a series of strategies for a person to protect his or her assets and to make sure their needs and desires are met in the future. This goes beyond a will or a trust and extends to making sure that their affairs are handled as they want them...
Here’s how to talk to your parents about estate planning
Far too often, estate planning is put off until it’s too late. Many adult children find this thought troubling as their parents get older. Despite their concerns, though, these individuals struggle to find a way to broach the topic with their parents. After all, it’s...
Estate planning to account for estate taxes under new president
For Georgia residents who are preparing for the future, creating an estate plan is a fundamental aspect of caring for loved ones, addressing property and dealing with business interests. For those who have accrued significant assets, the estate tax is a primary...
How to remove a beneficiary from your estate plan
As you review your estate plan, you may realize that your relationship with one of your beneficiaries has changed. You two may have become estranged. Or, he/she might have experienced personal struggles that call his/her responsibility or judgment into question. No...
The importance of having a plan for incapacity
An effective estate plan helps the estate planner plan for the future and what lies ahead. One circumstance to plan for in an estate plan is incapacity in case the estate planner becomes incapacitated at some point. Different estate planning tools can help the estate...