Determining how your assets will distribute after your death is an essential part of estate planning. However, planning for potential end-of-life situations can be just as important, for both yourself and your loved ones. If you have not already done so, you may want...
What does an executor need to do?
When you select an executor for your estate plan, you may not initially be aware of exactly how much power they will hold or how much they will have responsibility over. In order to choose the right person for this crucial role, you should understand exactly what an...
How to include your digital assets in your estate plan
Our assets include much more than our physical possessions. Many of us have social media accounts, email accounts, online financial accounts and other digital assets. You may have given much thought on who will inherit your physical possessions upon your death, but...
What can you not put in a will?
A will is a necessary estate document. It spells out your wishes and lets your loved ones know what you would like to happen with your assets after you die. It can cover many things, even non-financial wishes. Still, the American Bar Association explains there are a...
Are the gifts you want to leave heirs really gifts?
Leaving money or property to loved ones in your will can certainly be an act of love and generosity. However, not all of these "gifts" are received that way. In some cases, you could be creating expensive problems for your loved ones when leaving them certain assets....
Consider these issues when selecting or being an executor
Many estate planning decisions were made years ago, filed away, and forgotten. But it is important to periodically review the ability of the person who you selected to wrap up your financial affairs after you die. Executor Executors play an important role in the...
The importance of a medical power of attorney
When people in Georgia and elsewhere consider estate planning, it is usually with the idea of taking care of financial matters and the distribution of assets to loved ones. We tend to think less about our changing needs as we get older and how certain health...
Choosing the right executor for your estate
Choosing an executor to carry out your wishes and manage your estate after you pass away is just as important as creating an estate plan. According to Ga. Code Ann. Sec. 53, in Georgia, you can choose anyone as an executor as long as they are at least 18 years of age...
5 reasons why you should have a power of attorney in place today
Every adult should consider whether they need a power of attorney in place. A POA allows you to choose who will make decisions on your behalf if for any reason you are unable to. Planning for incapacitation is hard to do while you are well, but like a will, a POA can...
When is the best time to update an estate plan?
It’s a good idea to review your estate plan on a regular basis. For instance, you might review your plan regularly, every three to five years. You should also update your estate plan after reach certain milestones or cross certain thresholds in your life. Family...
