May 2017 Archives

Why letters of final wishes are important

While attorneys may draft wills, powers of attorney and trusts, Georgia estate holders must write their own letters of final wishes. A letter of final wishes gives a testator's family members, close friends and trusted colleagues information that they will likely need but cannot find in traditional estate planning documents. In addition to conveying an individual's last wishes and reflections, these letters can be a source of great comfort to grieving relatives and acquaintances during a difficult time.

Possible changes ahead in estate tax laws

Georgia residents who have created an estate plan with a strategy that aims to minimize federal estate tax might want to review that plan in case the estate tax is repealed. While its future is uncertain, thinking about a strategy now will allow people to make changes quickly if the repeal goes into effect with little notice.

How to protect your estate from creditors

You need more than a last will and testament to protect your estate in Georgia and ensure that your beneficiaries receive their inheritance. If you die with debt, your creditors can sue your estate to receive what is owed to them. The size and value of your estate can diminish significantly if you happen to owe a substantial amount of money to your creditors. Even though it would be advantageous for you to pay off what you owe, there are many reasons why you may not. 

Veterans groups concerned over AHCA language

Georgia residents who suffer from preexisting medical conditions, have limited incomes or are former members of the U.S. armed forces were likely paying close attention on May 4 when the House of Representatives voted on the latest Republican plan to repeal and replace the Affordable Care Act. Lawmakers ended months of stalemate when they approved the American Health Care Act by a nail-bitingly narrow 217-213 vote, but the ayes and nays had barely been counted before partisan arguments erupted over who would benefit and who would suffer.

Financial strategies to cover long-term care expenses

Many Georgia residents will need to pay for some form of long-term care when they are elderly. According to the U.S. Department of Health and Human Services, about 70 percent of people will eventually need to enter a nursing home, move into an assisted-living facility or require in-home health care. The Cost of Care Survey conducted by Genworth Financial for 2016 showed that the median monthly cost of a private room at a nursing home was $7,698. People who can stay home but need support from a home health aide pay about $3,861 per month.

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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.

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

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