Articles
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What Do the Terms Per Stirpes and Per Capita Mean in Estate Planning?
January 24th, 2025
Estate planning documents often contain terminology with special legal meaning. Two examples of terms that may appear in a last will and testament or a trust are per stirpes and per capita. Both terms relate to how estate property is distributed in t…
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Categories: Estate Planning
How To Avoid Ancillary Probate With Estate Planning
January 7th, 2025
If you are a Georgia resident who owns property in another state, your estate may face ancillary probate in the other state after your death, in addition to probate of your estate in Georgia. Ancillary probate incurs additional expenses and requires…
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Categories: Estate Planning
What Is a Transfer-On-Death Deed in Georgia?
November 26th, 2024
Effective on July 1, 2024, Georgia law recognizes a special type of real property deed that may be used to transfer property on the owner’s death. The deed is called a transfer-on-death deed, or TOD deed. While the new law adds an option for addres…
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Categories: Estate Planning
What Is a Trust Protector
October 24th, 2024
If your estate plan includes a trust, you may have concerns about protecting the integrity of the trust if unexpected changes occur or legal challenges arise at a later date. In that situation, you may wish to consider the option of designating a tru…
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Categories: Estate Planning
What Is Portability in Estate Planning?
September 24th, 2024
Portability is a federal estate tax rule that applies exclusively to the estates of married spouses. The rule allows a surviving spouse to apply any unused portion of a deceased spouse’s individual federal estate tax exemption to the surviving spou…
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Categories: Estate Planning
What To Know About Incapacity Planning in Georgia
August 26th, 2024
Planning for incapacity is an essential part of estate planning in Georgia. Specific documents in your estate plan protect you and your loved ones in the event you become unable to make personal, medical, or financial decisions for yourself temporari…
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Understanding Step-Up in Basis
July 24th, 2024
In a carefully structured estate plan, certain assets — such as stocks, bonds, and real estate — may acquire a stepped-up basis when the asset is inherited, resulting in considerable capital gains savings if the asset is sold by the beneficiary.…
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Categories: Estate Planning
How to Transfer an LLC Into a Trust in Georgia
June 24th, 2024
If you own an interest in a limited liability company, commonly known as an LLC, transferring the LLC into a carefully drafted trust as part of your estate plan may provide substantial benefits. But before you make the decision, it is essential to ge…
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Categories: Estate Planning
How To Put My House in a Trust in Georgia
June 3rd, 2024
Trusts are an important estate planning tool that can accomplish specific goals for a person who creates an estate plan. A trust must be created through a complex legal document before property can be transferred into the trust. The method for transf…
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Categories: Estate Planning
Estate Planning for Small Business Owners in Georgia
April 28th, 2024
If you own a small business, your estate planning goals should include addressing matters relating to disposition of your business interest, as well as business succession and continuity of the business. The related documents in your estate plan can…
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Categories: Estate Planning
