While researching estate planning, you learn of trusts. How do they help distribute your assets, and how should you use them? CNN Money describes different trust options. Determine which type suits your needs most favorably. Irrevocable and revocable When you place...
Taking advantage of estate tax portability
Those engaged in the estate planning process in Georgia quickly begin to realize that several opportunities to reduce liabilities against their estates. They can plan to settle outstanding debts before (or upon) their deaths, or to structure their estate plans so as...
The benefits of adding advance directives to your estate plan
A Georgia estate plan that includes a will and one or more trusts can help ensure you have a say in who receives your property after your death and when. However, a comprehensive estate plan also includes advance directives that make your wishes known regarding...
How to avoid family conflict in estate planning
You may have several objectives when working on your Georgia estate plan, and one of those objectives may include minimizing the chances of infighting among your beneficiaries after your death. Unless you are careful when creating your estate plan, you run the risk of...
Protect your estate plan when you choose the right executor
Part of developing and maintaining a reliable estate plan in Georgia is wisely choosing who to rely on for help. For example, an executor will oversee the distribution of your assets after your death and should be someone you trust. When you understand the...
You made a will, now what?
When you made a will you made decisions about where your money and property should go after you die. You are not done yet. A will is not the only document you should have in place when it comes to your estate plan. In the will, you named an executor to take on the...
What happens to your property if you die without a will?
It is important for everyone to have a will. Making a legal will ensures that you can determine what happens to your property. Regardless of the value of your assets, you should remain in charge of what happens to them. Dying without a will or “intestate” will result...
What kind of living trust should I choose?
Estate planning is not a one-size-fits-all endeavor. You should tailor the exact components of your estate plan to your particular situation. However, most comprehensive estate plans involve both wills and living trusts. Most people know what a will is, but are less...
Are you avoiding these common estate planning mistakes?
No one can deny the importance of creating a will, but sidestepping estate planning mistakes proves equally essential. When was the last time you checked your plan for mistakes? Fidelity explores estate planning pitfalls to avoid. Learn where you may want to change...
Preventing Family Strife With Thorough Estate Planning
There are many practical reasons to attend to your own estate planning well in advance of when you can no longer put it off. Among the most frequently cited reasons is that by carefully planning your own estate, you save your loved ones time, money and stress. A...
