Trusts

Tips for choosing the right trustee

For people in Georgia, choosing the right trustee is an important part of making sure that a trust works as it is intended. There are a number of elements to consider, including whether the trustee should be someone who has a personal connection to the family. The...

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Ways to make irrevocable trusts more flexible

Georgia residents often include irrevocable trusts in their estate plans because they protect assets from creditors and provide a number of tax benefits. Irrevocable trusts reduce estate tax exposure because the assets placed into them are no longer considered part of...

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Trusts and wills together offer unique benefits

Trusts can be designed to serve some of the same purposes as wills, but some Georgia residents would do well to have both documents in their estate plans. A will on its own can transfer the assets of a person after he or she dies, and it's the basic essential estate...

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How to change an irrevocable trust

An irrevocable trust is generally thought of as a trust to which changes cannot be made. While this offers greater protection to the assets in the trust, it also means that if circumstances change, a person may be stuck with a trust that is no longer useful. However,...

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Why trusts are important for many

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...

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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...

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