August 2016 Archives

Estate administration problems arise with no will or estate plan

Many Georgia residents hope to provide for their children and family after their own deaths. In order for estate administration to take place smoothly, an estate plan must be written and put in place to ensure that the individual creating the plan will be able to control who benefits from the estate. An estate plan also makes it much easier for an individual's surviving -- and grieving -- family to handle the decedent's estate, provided it is not only written down but professionally planned.

Fed's proposal could change tax during estate administration

All property that a Georgia resident has at the time of his or her death -- no matter the form of ownership -- is subject to the federal estate tax. This tax is paid by the decedent's estate. This typically occurs before the property is distributed to the beneficiaries during estate administration.

Estate plan of Hillary Clinton may help estate administration

Hillary Clinton's campaign for the Democratic presidential nomination has been described by some as cautious, pragmatic and meticulously prepared. Whether these attributes should be considered positive or negative in a candidate is beyond the scope of this article, but these are all certainly assets in regards to the managing of an individual's finances. Recently released financial disclosure forms have illustrated that this same level of detailed forethought has been implemented in regards to both her and her husband's estate planning, which will certainly yield dividends when it comes time for estate administration to take place. The study of their methods may be beneficial for Georgia residents who may have thought very little about their estates in this way. 

Probate litigation can cause problems for family members

When a person in Georgia dies, there is a legal process that follows in which that person's property is transferred. Known as probate, the laws and customs pertaining to the process may have changed slightly over time, but the basic purpose has nonetheless remained very much the same. People formalize their intentions for the transfer of their property's when they die in a will. The property is then collected, debts -- if any -- are paid from the estate, and, finally, the property is then distributed. Probate litigation occurs when a part of this process is contested.

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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