March 2017 Archives

Compelling reasons for creating comprehensive estate plans

Georgia residents may have heard about Donald Trump's plan to repeal the federal estate tax, or, as he calls it, the "death tax." However, individuals with estates valued at $5.49 million or less in 2017 won't have to pay any taxes. Couples may combine their individual exemptions, which means that they wouldn't have to pay federal estate taxes on $10.98 million in assets. There is also no tax when assets are passed from one spouse to another.

The value of a power of attorney

Georgia residents are likely aware of the benefits of saving for retirement. However, it is also important that they take steps to protect the money that they have accrued. Roughly 20 percent of older adults will be the victim of a scam, and the average victim loses $120,000. This amount is equal to the average life savings of a 50-year-old. One way people can protect themselves is with the creation of power of attorney.

4 myths about long-term planning that you should be aware of

Whether you are 25 or 75, the reality is that no one likes to face the end of their mortal lives or think about it on a day-to-day basis. The harsh truth is that it is necessary to prepare no matter how old you are. If you want to have plans in place to distribute your assets, settle your estate and care for yourself and family members once you are unable, then you must have some type of long-term plan in place. As scary as it is to face your own mortality, the right thing to do it to be prepared for anything that comes your way.

Reasons to make an estate plan despite uncertain tax law

Georgia residents may wonder whether they should delay creating an estate plan since tax laws may be changing under the Trump administration. However, there are many benefits to certain estate planning tools, such as irrevocable trusts, that do not depend upon taxes. In particular, irrevocable trusts can protect assets from spouses in the event of a divorce or from creditors. Furthermore, it may be very difficult to predict what may happen with tax laws. There may be a sunset provision that makes it short term, or any changes might be overturned again by another administration.

Important advice for proper estate planning

Estate planning may be uncomfortable for Georgia residents of any age. However, there are basic steps that should be taken to ensure that an estate doesn't get bogged down in legal challenges for months or years. First, it is important for people to calculate their assets and liabilities to determine their net worth and see if any assets will fall outside of probate.

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.

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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.


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


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