April 2012 Archives

Estate planning errors: beneficiary designations, life insurance, annual gifts, taxes

In our last post, we began speaking about major mistakes people sometimes make in their estate planning. We've already mentioned several mistakes-failure to plan, doing estate planning without professional help, and failing to review one's beneficiary designations. In this post, we'll look at several other specific mistakes sometimes made in estate plans.

Estate planning errors: failure to set up a plan and the DIY approach

As our Georgia readers know, it is often in the mistakes we make-and those we see others make-that we learn our most valuable lessons. When it comes to estate planning, this holds true. Many estate planning attorneys love to study substandard estate plans as a way of avoiding mistakes.

Estate planning, financial planning have slightly different focus

Financial planning and estate planning, while they do intersect, are slightly separate disciplines. In terms of financial planning, retirement planning is a foremost issue. Many worry about whether they will have enough money to last them through retirement. And that is a legitimate concern.

Some Alpharetta couples may wish to seek separate attorneys for estate planning

A recent Forbes article took a look at the issue of couples estate planning. In particular, it raised the question of whether couples should use the same attorney to set up both of their estate plans. Some couples, of course, do just that, while others choose to seek out separate attorneys.

Estate planning an ongoing process, so think about reviewing yours periodically

Estate planning, as many of our Alpharetta readers may be aware, is not so much an event or a task as a process. Estate planning is not something one does over a period of a few weeks or months, or even a few years, and then forgets about it.

King of Soul's estate encounters another dispute

In our last post, we mentioned another dispute currently going on with the estate of King of Soul, Ray Charles, and noted that his estate has experienced numerous problems along the way. Legal disputes during and after estate administration are certainly nothing new, though they tend to be more interesting with celebrities who leave behind large estates.

King of Soul's estate encounters another dispute

Ray Charles, King of Soul, left behind a troublesome estate he died in 2004, which has been interested to consider from the perspective of estate planning. As we've noted on this blog, one of the goals of estate planning is to wind up one's affairs and so minimize the possibility of legal disputes concerning one's estate down the road. Needless to say, it can be difficult to tie up all loose ends.

Estate of NY socialite, philanthropist sees end to will contest

Our Alpharetta readers may or may not have heard of New York socialite and philanthropist Brooke Astor. Astor is known for her family ties to old American money and her charitable donations. Astor died in 2007 at the age of 105. Since her death, her estate has been troubled by a dispute over provisions in her estate planning documents under which she left millions to New York charities.

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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