When blended families in Georgia need to create an estate plan, they need to consider a few unique factors. A simple will may not be adequate enough to protect assets for biological children or fulfill other objectives. Trusts, however, are very flexible legal tools...
Year: 2019
6 reasons you need a health care proxy
Generally speaking, though you are getting older, you feel healthy. If you do wind up in the hospital for some reason, you know what type of care you want. You assume you will simply tell the doctors about it at that time. That projected future may play out exactly...
Passwords and other important information in estate plans
In Georgia, people who are planning how their estates will be handled should avoid overlooking some important details. In addition to having a will, power of attorney and other documents prepared, it is also important for people to make certain that their families...
Reasons for single parents to make an estate plan
Many adults fail to make an estate plan, but it can be especially important for single parents in Georgia and around the country to do so. One of the functions of an estate plan for parents is to appoint someone to be guardian for their children. While this could be...
Choosing beneficiaries for IRAs
Making sure that they have named the right beneficiaries for their IRA is one of the many aspects of estate planning of which Georgia residents should be aware. Not designating someone or not updating the beneficiary designation when needed can result in significant...
Why a person should seek help with estate planning
Creating an estate plan online can be an effective way for Georgia residents and others to save money. However, it can also cause problems that may be avoided by creating estate plan documents with the help of a professional. For the most part, online services assume...
An incentive trust helps guide heirs toward success
One of the big fears that you have with your estate planning is that leaving money to your heirs is going to rob them of the motivation they need to find success in life. You're very well off, after all, thanks to a lifetime of hard work and smart financial decisions....
Estate plans and passwords
When Georgia residents begin the estate planning process, they often focus on wills, trusts and end-of-life medical planning. One area that might be overlooked is password access for electronic devices and online accounts. Not having these passwords can make the...
When an estate plan needs updating
Estate planning is not a favorite subject for most people, and it can take a while for residents in Georgia and other states to get their affairs in order. Once an estate plan is finally completed, many people think they never have to worry about the matter again....
Family conflict is often a major concern for estate planning
A recent survey of attorneys, trust officers and wealth management professionals shed some light into the three largest obstacles in creating an estate plan. Some Georgia residents may be surprised that the most commonly cited threat to an estate plan is family...