You have pondered this topic for a few months. Now, you decided that it is time to get moving on creating an estate plan. After reading a few books and researching online, you have a general idea on what to do. Now that you have the right frame of mind and followed...
What are the powers of a health care agent under an advance directive?
In Georgia, an Advance Directive for Health Care lets you select a health care agent. He or she will act in your place when you are unable to act or if you choose not to. What powers does your health care agent have? Your health care agent has the same powers...
Why a power of attorney is an important part of an estate plan
People in Georgia own and acquire various property throughout their lives. They may buy homes and other real estate, vehicles, jewelry and other tangible property. They may also have bank accounts, retirement accounts, investment accounts and other financial accounts...
Want to motivate your loved ones? Consider an incentive trust
A lot of people who engage in estate planning worry about whether they’re doing the right thing. Even though estate planning is about controlling how assets will be distributed upon your passing, far too often estate planners feel like they’re losing control. But...
The importance of having an estate plan
National Estate planning Awareness Week is during October and aims to highlight the importance of having an estate plan. Estate planning is not only important for the estate planner, it is also important for the estate planner’s loved ones which is which is why...
Preserving a legacy for the future
Getting your house in order involves not only making sure that your loved ones are taken care of, but also preparing for your own exit. People are often not ready for the legal process that is part of settling an estate, and loved ones who are left with a lengthy and...
What should I consider including in my will?
A valid will is important for everyone to have. For that reason, it is helpful for estate planners to know what they should include in their will during the estate planning process. What to include in a will There are important considerations to include in a will and...
What do you know about your trust options?
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...
