June 2017 Archives

IRA trusts as part of an estate plan

When Georgia residents have worked all their lives to build up a sizable estate, they may worry their heirs may not be good money managers or will fritter away their inheritances in a short while. There are, however, ways in which they can protect their heirs from themselves.

Keeping a power of attorney current

Georgia residents who have prepared medical or financial powers of attorney might want to review them with an attorney to make sure they are still current. Starting in 1993 with the Uniform Health Care Decisions Act, there have been several changes in law that could affect the validity or function of a power of attorney. For example, the UHCDA expands the decision-making powers of the medical POA to include items such as organ donation and life-prolonging procedures. Medical POAs created prior to 1993 can be updated to include these decision-making abilities.

Strategies to create a stronger estate plan

An estate plan may provide several benefits to Georgia adults. For instance, it may help them limit the burden of estate taxes or provide greater control over where assets go after death. It may also make the process of settling an estate easier on surviving family members. There are several steps that should be taken to create a quality estate plan.

Estate planning strategies for a blended family

Remarriages and blended families are common in Georgia, but many of those involved are unaware of how to deal with pitfalls in finances and the law. The management of an estate and and naming of beneficiaries, as well as decisions about how and when to make assets available to those beneficiaries, are made more complicated by multiple marriages. There are some key areas that require attention and strategies for ensuring assets end up in the right hands.

4 basic requirements for Georgia wills

If you wish to apportion your estate through a will in Georgia, you can reduce the risk of potential challenges by making sure to comply with technical requirements. Georgia law sets out four main requirements for a valid will. Failing to comply can cause courts to set your will aside.

What trusts can do that wills cannot

People in Georgia who are creating estate plans may wonder whether they should use trusts instead. A trust may offer a number of advantages over a will, one of which is avoiding the potentially costly and lengthy probate process. Trust assets can be passed directly to beneficiaries without requiring a probate court to get involved.

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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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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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