In 2001, Georgia residents and others could only exempt $675,000 from federal estate taxes. Today, that amount has risen to $11.8 million. However, it doesn't mean that it isn't a good idea to establish a trust as they can provide benefits beyond a lower estate tax...
Year: 2018
Significant estate planning mistakes to avoid
Georgia residents may not enjoy the process of estate planning, but it is necessary to protect one's assets and ensure they are passed down correctly. Over a lifetime, an individual may accrue a variety of assets such as brokerage, bank and social media accounts. If...
Do you need a trust for your pet?
Recently, we wrote a post on trusts and whether or not they might be the right for you. Now that you might have a better understanding of trusts, you should know about the importance of one specific trust for an important member of your family: your pet. Similar to a...
Do you need a trust? If yes, what kind?
Setting up an estate plan can be daunting, especially if you are just starting out. There are a lot of elements that go into estate planning and deciding if you need a trust is just one element. If you are debating whether or not you need a trust, it is likely that...
The importance of an accurate and valid living will
It's generally not very pleasant to have to think about the end of your life. Many people will put off planning their estate or creating a will for years. That can leave their families, minor children and assets in legal limbo if they unexpectedly pass. However,...
6 tips to help you select the right nursing home
If your aging relative requires nursing home care, you probably want him or her to live in the best nursing home available. The thing is, nursing homes can appear like a great match for your loved one, when, in fact, they are not. It takes time and diligence to ensure...