Of A Lifetime Of Hard Work
Writing a will involves deciding who manages the estate after death. Some testators split this duty by naming more than one person. Georgia law allows naming more than one executor, but this choice requires clear instructions to prevent conflicts and delays. The...
Many people assume that estate planning requires choosing between a will and a trust. In reality, the most effective estate plans often use both. A will and one or more trusts can work together to better ensure that your assets are distributed according to your wishes...
Many people hear the term “trust fund” and immediately picture enormous inherited wealth or families with significant financial assets. In reality, trust funds are estate planning tools that can benefit a wide range of individuals and families. Understanding what a...
At a basic level, an annuity is a contract between you and an insurance company. You make a payment—either as a lump sum or over time—and in return, the insurer agrees to pay you income either immediately or at a future date. This structure can help reduce the risk of...
Divorce and estate planning are often related. If one major aspect in your life changes, your estate plan must follow suit. Getting a divorce can trigger certain statutes in Georgia that can directly impact your estate documents, especially your will. Understanding...
Trusts and wills have many things in common. Both serve as tools to help you manage, protect and distribute your assets. Similarly, both allow you to appoint individuals you trust to carry out your wishes. However, to learn how wills and trusts work together, it is...
Estate administration can take months to complete. The personal representative appointed by the courts or selected by the decedent attends probate proceedings. They collect and secure the property of the deceased individual. They can then distribute assets in...
Planning for the future and designating someone who will be responsible for your child's care and well-being is undoubtedly one of your utmost priorities when you are the parent or guardian of a child with special needs. Furthermore, the thought process can be an...
Many Georgia residents will die in 2024, and there is no way to predict who it will be. You might be young and think you’re in good health, yet a sudden accident or other issue could cause an untimely death. In fact, the only thing that is 100% certain in life is that...
As a parent, you instinctively work to ensure your child's safety and well-being. If your child has special needs, you face unique challenges that require thoughtful planning to secure their future, especially for a time when you might not be there to offer your care...