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SECURE Act 10-Year Mandat…

SECURE Act 10-Year Mandatory Distribution Requirement for Inherited IRAs and 401(k)s Impacts Estate Plans

Estate planning for inherited IRAs and 401(k) became more complicated with passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 — commonly known as the SECURE Act. The new law includes a requirement applicable to many in… Read More
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For Rent sign in yard

What Is the Effect of Income-Producing Property on Medicaid Eligibility in Georgia?

Medicaid is program funded jointly by the State of Georgia and the federal government that may benefit senior residents needing long-term care. The eligibility rules for Medicaid are extremely complicated. One particular issue that arises with some f… Read More
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Power of Attorney Document with Pen

Recent Changes in the Georgia Power of Attorney Act May Affect Your Estate Plan

Georgia law governing powers of attorney changed substantially on July 1, 2017. Additional changes became effective on July 1, 2018. If you created your power of attorney before the changes, or if you consider creating a power of attorney now, unders… Read More
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Medicaid eligibility document

How Does Life Insurance Affect Medicaid Eligibility in Georgia?

In our Medicaid planning practice at Asset Protection & Elder Law of Georgia, clients often ask whether life insurance affects Medicaid eligibility in Georgia. Sometimes it does — and other times it does not. If it does, you can address the iss… Read More
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Inherited IRA written on a piggy bank.

Inherited IRAs Lose Asset Protection in Georgia

In June 2014, a decision of the United States Supreme Court concerning inherited Individual Retirement Accounts sent repercussions through the estate planning and financial planning communities — and had a significant financial impact on a woman wh… Read More
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House keys with red ribbon - Gifting Your House to your Kids

Thinking of Gifting Your House to Your Kids? (Stop! Read This First!)

You might be thinking that transferring ownership by gifting your house to your kids is a sound estate planning idea. Maybe your home is the place you raised your family, a place that holds all your best life’s memories. It only makes sense that yo… Read More
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