May 2013 Archives

Digital age adds to estate planning

The same technology that is said to simplify life is causing savvy estate planners to make adjustments to their estate planning to include their digital life. While the intangible aspect of that area of life may leave some people wondering what exactly would be bequeathed to survivors, further thought may bring about "Oh yeah ..." realizations.

Minimize chances of family disputes over inheritance

Family disputes are one of the big concerns estate planners have to deal with in coming up with a plan to works for their clients. The way in which attorneys plan for potential disputes depends not only on the state of their client’s residence, but also the value and types of assets, and the number of heirs or beneficiaries.

Spiritual support from friends leads to more aggressive end-of-life care

According to a new study conducted by the Dana-Farber Cancer Institute in Boston, those with advanced cancer are more likely to receive aggressive care at the end of life and spend more time in intensive care of the receive some sort of spiritual support from a religious community. The outcome was actually the opposite of what the researchers had expected, as previous evidence has shown that spiritual support from a patient’s medical team leads to less aggressive care and more use of hospice care.

“Permanent” changes to estate planning may not be permanent, P.1

Are regular readers know that there has been a lot of buzz in the estate planning world over the recent changes introduced by President Obama’s 2013 budget plan. Among other things, the changes included a permanent estate and gift tax exemption of $5 million, to be adjusted annually for inflation. Unfortunately, though, it has become clear that that change may not be as permanent as previously hoped.

“Permanent” changes to estate planning may not be permanent, P.2

In our last post, we noted that changes could be coming in 2018 with respect to tax exemption amounts because of a proposal in President Obama’s 2014 budget plan. Changes could also be coming in terms of how to approach family inheritance planning. One area is that of discounted values on assets given to minorities.

Digital assets need to be part of your estate planning, P.2

In our previous post, we began discussing the importance incorporating your digital assets into your estate plan. We’ve already spoken about compiling a list of one’s digital accounts and access information, storing this information properly and appointing a “digital executor.” Now we’ll speak about giving instructions for the disposition of the assets themselves.

Digital assets need to be part of your estate planning, P.1

Planning for digital assets is an aspect of estate planning that is receiving more and more attention these days, due to the growing use of online accounts. Most people have such accounts in one form or another.  But what happens to these accounts when you die? Because these accounts can contain much value, they should be included in one’s estate planning.

97-year-old man with $40 million estate died with no known heirs or will

Making plans for the distribution of your estate is always a wise step, regardless of how old you may be. Many people often put off estate planning, thinking they will have time to take care of it sometime in the future. For others, making a plan for their estate may never cross their mind. It is important for all Georgia residents, no matter the size of the estate, to be proactive to ensure their property is distributed in the way they desire.

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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