Monthly Archives: June 2025
Estate Planning and Gifts: What You Should Consider
When you are beginning to think about estate planning and the people to whom you want to leave your assets, you might be thinking about giving one or more assets to some of your loved ones right now. In other words, there may be certain assets that you want to gift to your adult… Read More »
Understanding Inheritance and Estate Taxes
In the process of estate planning, you should speak with your Norcross estate planning lawyer about potential tax consequences concerning assets that you are planning to leave to your loved ones in a will or by other particular means. It is important to understand the potential application of inheritance and estate taxes, whether your… Read More »
Where Should I Keep My Estate Planning Documents?
Working with an estate planning lawyer in Gwinnett County is important for adults of all ages in Georgia. Whether you only want to create a will and an advance directive for health care, or you want to consider additional important documents and tools such as powers of attorney (POAs), beneficiary designations, trusts, and more,… Read More »
What is the Purpose of a Revocable Living Trust?
In Georgia, creating one or more trusts is something that many people consider in estate planning. There are many different types of trusts that a person can establish in Georgia with different purposes, as well as their own benefits and limitations. All trusts in Georgia are either revocable (meaning the person who makes the… Read More »
Common Mistakes to Avoid in Making a Will
Wills should be part of every estate plan in Georgia, but it is important to know that there are certain things you should do when making a will, as well as certain things you should not do. What are some common mistakes you should avoid when you are creating your will? And how can… Read More »
Who Should Create a Special Needs Trust?
What is a Special Needs Trust (SNT) in Georgia, and who should create one? Special Needs Trusts are designed specifically for disabled adults to provide for their additional needs beyond the benefits they receive from government programs without impacting their eligibility for those government programs. Special Needs Trusts can be self-funded by a disabled… Read More »
The Wrong Successor Trustee Can Derail Your Final Wishes
Many estate plans contain revocable living trusts that will become irrevocable (cannot be easily changed or terminated) when the trustmaker dies. Such trusts may benefit the surviving spouse during their lifetime and may continue for the benefit of several additional generations. Because these trusts can be designed to span multiple decades, it is crucial… Read More »
Planning for the Unthinkable: Essential Tools for Parents of Minor Children
Approximately three-fourths of Americans do not have a basic will.[1] Many of the same people also have children under the age of 18, which underscores a major misunderstanding about estate plans: They can accomplish much more than just handling financial assets (money, accounts, and property). One of the most important estate plan functions for… Read More »
Myths and Frequently Asked Questions: Estate Planning Using Asset Protection Strategies
Myth 1: Asset protection planning is only for the wealthy or those with high-risk jobs, such as doctors or lawyers. Fact: Asset protection planning is for everyone. If you engage in any activity that could give rise to a lawsuit (drive a car, employ someone, allow people into your home, etc.), you are vulnerable… Read More »
Avoid Living Probate: How to Keep Guardians and Conservators Out of Your Estate
While most proactive individuals know the importance of having a well-rounded estate plan, it is typically considered as something that will take effect after they have passed away. But there are in fact many ways in which comprehensive estate planning can have a positive impact on your life while you are still around to… Read More »
