Monthly Archives: May 2025
What is the Difference Between a Revocable and an Irrevocable Trust?
For many Gwinnett County residents, estate plans will include establishing one or more trusts. Georgia law recognizes various types of trusts, which are legal arrangements through which you transfer assets to an account that becomes a separate entity managed by a trustee. With many types of trusts, the person who creates the trust can… Read More »
Do Not Let Your Money and Property Go to the State: Why You Need an Estate Plan
Americans tend to bristle when any level of the government meddles in their private lives, especially with their money. Look no further than the famous “death and taxes” quote for a sense of how Americans feel about bureaucratic creep and government’s sticky fingers. You may take pains to minimize government meddling in your personal… Read More »
Learning More About Estate Planning and Asset Protection for Older Adults
Estate planning is something that is essential for Gwinnett County residents of all ages, but it takes on added significance when a person is approaching older age and may soon need to think about long-term care options and asset protection strategies. You may be wondering: what is the relationship between estate planning and asset… Read More »
Checklist for Preparing to Make a Will
When you are starting to think about estate planning, and about making a will in particular, it is important to plan ahead before you begin working with an estate planning lawyer. Whether you are a young adult or an older adult (or any age in between), it is essential to have a will. Although… Read More »
Common Uses for a Power of Attorney
A power of attorney (POA) is a document that gives another person or party the authority to act on your behalf as your “agent.” Creating one or more power of attorney documents, and naming one or more agents, is common in any estate plan. While powers of attorney are critical to ensure that you… Read More »
Estate Planning and Your Pets
Georgia residents love their pets, and data from the American Veterinary Medical Association suggests that more than 55 percent of households in the state own pets. About half of all households in Georgia own a dog, and Georgia residents also have cats and other common pets. About two-third of households that own at least… Read More »
What is a Payable-on-Death Beneficiary?
One aspect of estate planning for many residents of Gwinnett County, Georgia, is naming beneficiaries and contingent beneficiaries on various types of policies or accounts. One way to name a beneficiary for bank accounts is known as a payable-on-death (POD) beneficiary designation. This is a specific type of beneficiary designation and it is important… Read More »
What Are Beneficiary Designations in a Georgia Estate Plan?
Estate planning in Gwinnett County and throughout Georgia has many different components, and the specific aspects of an individual’s estate plan will depend in part on their particular needs and circumstances. At the same time, some documents and tools are typically part of most estate plans in the Norcross area, including beneficiary designations. What… Read More »
