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Supplemental or special needs trust are a valuable tool in estate planning. Among other benefits, they are a great way to assist in caring for a disabled loved one without harming their ability to qualify for public benefits programs.If one isn't careful, giving gifts...
Under the Tax Relief Act of 2010, the federal lifetime gift exemption was increased to $5 million per person, or $10 million per married couple. That number applies to estate, lifetime gifts, and generation skipping transfer tax. As a recent article in Forbes points...
In our previous post we discussed the background events which spurred a longstanding probate battle that was recently resolved by the Georgia Supreme Court. The court ruled that Anne Melican is entitled to proceeds from the sale of a condominium previously owned by...
A longstanding Atlanta area probate court battle has finally been resolved by the Georgia Supreme Court. We have discussed the long standing will contests involving Anne Melican in previous posts. Melican was the mistress of multi-millionaire Harvey Strother, who made...
The status of a married Georgia couple's assets is important for estate planning purposes. Although many couples have separate bank accounts it is important to realize that your spouse will likely not have immediate access to your funds if something were to happen to...
Wills are not just for elderly Georgians who have substantial wealth. Wills and estate planning are also essential for Georgia parents of any age. It is especially important for young Georgia parents to have an estate plan to establish a guardian for any minor...
Medical advancements have allowed many Georgia residents to live longer, but this means that more Georgians may face a diminished mental state in their later years. Residents who might be impacted by dementia and Alzheimer's disease should choose an agent by granting...
