A trust is an effective estate planning tool for preserving and protecting assets. It is a sheltered legal arrangement that you can structure to meet your specific goals and needs. However, you must consider who and what you want to protect your estate from before you...
Protecting Your Golden Years
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Estate planning
How to make trustee appointments based on your estate
One of the most vital decisions when establishing a living trust is who to assign as a trustee. This position holds significant duties involving you, your estate and your beneficiaries. Typically, you could give this role to someone you can depend on. They should be...
When can you change your executor?
You can make any changes to your will after writing it, including changing your executor. Even though you may have taken calculated steps to choose a reliable executor, you may need to change them in the future. Here are four reasons that may call for this: 1....
When should you update your estate plan?
Circumstances may change in your life after drafting your estate plan, in which case, it will be outdated. Accordingly, you will need to review it and make the necessary changes. This guide highlights six instances that may call for updating your estate plan: A new...
3 reasons your will might be disputed
A will is one of the most significant legal documents you can ever draft. With a properly drafted will in place, you may be at peace knowing that the empire you have worked so hard to build will pass down to the people and causes you approve of. Without one, on the...
Estate planning and the possible benefits of life insurance
Although certain estate planning topics might seem difficult to address, there could be a variety of benefits to creating a strategy for the unknown. Individuals in Georgia who wish to protect the interests of their loved ones after they pass on may find it helpful to...
What do advance directives mean in an estate plan?
No one can predict the future with 100% accuracy. Most people understand the importance of planning ahead in various aspects of life. The estate planning process enables you to execute a plan that protects your assets and ensures that your loved ones will receive the...
Differences between revocable and irrevocable trusts
There are various types of options available via the estate planning process to help individuals take steps to help protect their interests and preserve wealth. Those who wish to explore the benefits of trusts may find that there are numerous types of trusts to...
Estate planning topics for high-asset estates
Many individuals may share a common desire to preserve wealth and assets, but the path to achieving such goals might not always seem so clear. While an estate plan could offer various benefits regarding asset preservation and protection, creating a strategy that...
Benefits of establishing thorough beneficiary designations
Individuals who wish to create a strategy to protect their futures may face a variety of complex topics in the process. While the estate planning process may provide numerous tools that could help one plan for various scenarios in life, preparing to navigate this...