December 2011 Archives

Probate courts: guardianship and conservatorship appointments, P.2

In our previous post, we began discussing the power of probate courts in Georgia to appoint guardians and conservators to care for the person, income and property of individuals in need of such care. We left off discussing conservatorships for minors.

Probate courts: guardianship and conservatorship appointments, P.1

Probate courts in Georgia have the ability to appoint and supervise guardians and conservators over both adult persons and minor persons. Adults who may need a guardian and/or conservator are those who are incapacitate because of physical or mental illness to the extent that they are unable to make reasonable decision regarding their person, money and property.

Thinking about your own death is a part of estate planning

According to a recent Los Angeles Times article, less than one-third of Americans make their health care wishes known prior to a critical illness or injury. Regardless of what your actually health care wishes are, that can be a problem.

Funeral planning should go with estate planning, P.2

Picking up from where we left off on our last post, it is important to set aside money for your funeral as part of your estate planning. One of the possibilities that many take advantage of is setting up a trust and funding it with money. Such trusts can be set up through funeral homes, and there are usually no limits to the amount of money that can be placed in these trusts. Readers should be aware that there may be problems if the money is placed in trust in order to help qualify for Medicaid.

Funeral planning should go with estate planning

Some of our readers may not consider funeral planning to be part of estate planning, but in our view it is a closely related and important aspect of that planning. It is important to plan for your funeral if for no other reason than to make it easier on your family once you are gone.

Family of wealthy copper heiress challenges validity of will

The possibility of a will contest is one thing proper estate planning is supposed to eliminate, or at least greatly reduce. Grounds on which will contests are waged generally focus on accusations that the person who left the will lacked testamentary capacity, was operating under a "insane delusion" at the time the will was established, or that somebody asserted undue influence or fraud upon him or her. Unfortunately, even good planning cannot reduce all possibility of a will contest.

Surviving spouses should file estate tax return for portability benefit

We have previously written about estate tax portability on this blog. Portability, as we have noted, refers to the provision of the 2010 Tax Relief Unemployment Insurance Reauthorization and Job Creation Act which allows surviving spouses to claim any estate tax exemption amount which was unused by their spouses. Portability is only available for those whose spouses die after December 31, 2011.

Mr. Teiger, Thank you very much for your time and results. I will definitely recommend you & your firm to anyone who wants to be treated professionally courteously and needs results.Hope all is well.Again...thank you. Regards, Paul L.

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