August 2016 Archives

Wealth preservation ultimate goal of business succession plans

Georgia entrepreneurs often focus so hard on making their businesses succeed that they fail to plan for the succession of ownership in the future. Among business owners, 73 percent of them lack any type of formal plan for selling a business or transferring it to heirs. A business, especially a family-owned one, represents an illiquid asset. It may produce income but its actual value could be hard to identify without a purposeful financial analysis.

Making sure a trust is enforced

Georgia residents who are beneficiaries of trusts may sometimes experience a breakdown in communications with the trustee. This is not an uncommon situation when a trustee is trying to follow the wishes of the settlor while the beneficiaries are concerned about getting the assets that were left to them. However, it usually does not indicate deliberate deceit on the part of the trustee.

Creating an estate plan: it doesn't have to be all or nothing

On this blog, we often discuss some of the complex challenges and questions people have when they are drafting, enforcing or disputing various parts of an estate plan. While there are countless issues that can come up, we want to encourage readers of this blog not to be intimidated by the process of estate planning.

3 parts of an estate plan to review if you are getting remarried

Adding to your family through marriage can be a joyful, exciting time. It can also be a stressful time, however, because there is a lot you need to think about and adjust to in order to make as smooth of a transition as possible.

Estate planning: the importance of talking to your aging parents

Estate planning is very important in order to make sure a person's wishes are carried out when they pass away. While it may seem uncomfortable, talking to your aging parents about their estate planning is also very important. There are benefits to planning together, and to making sure your parents' estate is handled the way they would want it to be after they are gone. Many estates have fully or partially gone to people they were not intended to belong to, simply because of a lack of planning. You can avoid that by working with your aging parents to help them with their estate planning needs.

Think you're too young for an estate plan? Think again

It has been said no parent should outlive his or her children. Sadly, however, there are many who do when their children pass away. While this can be devastating no matter how old a child is, it can present a number of legal complications when a child is a young adult with assets and property that parents, generally, will need to deal with.

Upcoming Workshops

3 Easy Steps To Protect Your "Stuff" This workshop addresses frequently asked questions and common misconceptions on Wills & Trusts, Asset Protection, Nursing Home Issues, and Medicaid Qualification.

Join Now! More Workshops

Call Us Today To Schedule A Consultation

We are ready to help you start planning. To schedule an initial consultation, call us at 770-822-2723 or 866-735-9628. You may also contact us online.

ESTATE PLANNING LAW GROUP OF GEORGIA,

Johns Creek Office
11555 Medlock Bridge Road, Suite 100
Johns Creek, GA 30097

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions

Lawrenceville Office
1755 North Brown Road, Suite 200
Lawrenceville, GA 30043

Toll Free: 866-735-9628
Phone: 770-822-2723
Fax: 770-573-3379
Map & Directions

map

How can we help you?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close