Georgia estate planners who choose to create an irrevocable trust have made a serious commitment. Essentially, they have decided to give up ownership of their trust property permanently in order to receive the benefits of an irrevocable trust. Although they will have...
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You may need to update your estate plan
When you create an estate plan, you hope that it will remain in place for many years to come. While some people are fortunate enough for this to hold true, others find that they need to update their estate plan every now and again. This is why it's so important to...
Do your parents have a health care power of attorney?
It's hard to watch our parents grow older. Perhaps your mother and father are in their 80s, for example, and they're not able to do all the things they used to enjoy. Playing tennis on the weekends with dad doesn't happen anymore, and mom comes to spend an afternoon...
Tax advantages of charitable trusts
When it comes to creating your legacy, there are many facets to consider. An estate plan is an excellent way to make your wishes known and provide for the people and causes near and dear to your heart. Your generosity to the causes you care about is an important part...
Here’s why you need to write a will now
The last thing that anybody wants to think about is the moment of their death. However, that's exactly what responsible Georgians do when they want to prepare for the future – especially when they're thinking about their families. Drafting a will offers your...
Adding to your estate (plan)
If you have been following our blog, you know that drafting a will is an exercise in asset disclosure and distribution. This document provides a specific set of guidelines for disbursing property after one's passing. While necessary, the will can be seen as just one...