» Estate Planning
How Does a Burial Contract Affect Medicaid Eligibility?
January 31st, 2023
Seniors often consider buying a burial contract to pay for final expenses, to save loved ones from being responsible for the costs. While Georgia Medicaid rules for long term care benefits have a burial exclusion in calculating assets for eligibility…
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Do You Need a Lawyer to Set Up a Trust?
October 31st, 2022
As the popularity of trusts has grown in recent years, people sometimes think they can — and should — create a trust on their own without help from a legal professional, which is a serious misconception. In fact, you should not even decide that a…
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Categories: Estate Planning
Who Should Be the Executor of Your Estate?
October 4th, 2022
When you make an estate plan, one of the important tasks is designating the executor of your estate. A designated executor who accepts the responsibilities becomes the personal representative of the estate following court appointment. The position is…
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Categories: Estate Planning
Why Is Funding a Trust Important?
September 8th, 2022
Trusts are a valuable estate planning tool that can accomplish important goals and objectives. Establishing a trust requires executing a legal document that defines the terms of the trust, as well as transferring assets into the trust, commonly refer…
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Categories: Estate Planning
What Are the Georgia Laws of Intestate Succession — and Why do They Matter to You?
July 29th, 2022
When an individual passes away, their property is distributed to their beneficiaries and heirs. If the deceased person left an estate plan or last will and testament, those documents determine who receives the property. But if someone dies without va…
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Categories: Estate Planning
What Is the Role of a Trust in an Estate Plan?
July 5th, 2022
Your estate plan protects you during your lifetime and provides for distribution of your estate to your designated beneficiaries after death. While some estate plans do not need a trust to fulfill estate planning goals, a trust can achieve crucial go…
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Categories: Estate Planning
What Is the Difference Between Wills and Trusts?
June 1st, 2022
Wills and trusts are both important and valuable tools in estate planning. But there is a significant difference between a will and a trust. Virtually every estate plan includes a will. Since a trust can accomplish goals that a will cannot, some esta…
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Categories: Estate Planning
How to Avoid Probate in Georgia with the Right Estate Plan
March 29th, 2022
The State of Georgia requires many estates to go through probate, which is a statutory legal process. Probate takes time and costs money. It also makes the financial details of the estate public information. Avoiding probate is a legitimate estate pl…
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Categories: Estate Planning
How a Retirement Account Trust Can Protect an Inherited IRA or 401(k) Affected by the SECURE Act
November 3rd, 2021
A recent federal law called the SECURE Act has potentially catastrophic consequences for owners of an IRA or 401(k) and their beneficiaries. If the owner names individual beneficiaries for those accounts, or names certain types of trusts as the named…
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Categories: Estate Planning
Estate Planning Considerations for Grandparents
October 5th, 2021
Grandparents who share a special bond with their grandchildren understandably want to make certain that their estate plan includes their grandchildren. It may seem like making gifts directly to grandchildren is a good way to accomplish that goal, but…
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Categories: Estate Planning
