December 2016 Archives

Special needs trust administration: Protect your loved one

Many disabled adults require a substantial amount of care. Georgia residents often do what they can to make them comfortable and provide them with the best life possible. Special needs trusts (or supplemental needs trusts) can be created to help in that endeavor. These trusts, and the corresponding trust administration, must be handled carefully in order to avoid losing access to government benefits and programs that many disabled adults rely on to live their lives.

Real estate valuation at the time of a Georgia resident's death

When a Georgia resident agrees to serve as the executor of another person's will, that person becomes responsible for performing several duties. One of them is to have a real estate valuation done on any real property owned by an individual at the time of death. Sometimes this is a simple task, but often, additional assistance is needed in order to properly value the property.

Marijuana possession in Georgia is a serious offense

People increasingly think of marijuana possession as a minor crime. There was even a bill filed in February of 2016 that would decriminalize marijuana possession in the state of Georgia, but it hasn't been voted on or signed into law. Those who are caught in possession of marijuana, marijuana extracts, paraphernalia, or marijuana-infused foods can face severe penalties, including incarceration and suspension of their driver's license.

Picking trustees, executors and fiduciaries requires thought

Georgia residents make numerous decisions when they create estate plans. One of the most important is who will serve as their trustees, executors and fiduciaries. Who fills these positions could make all the difference in how estate and trust administration are carried out after a benefactor's death.

Trust administration offers asset protection

As Georgia's population ages, estate planning becomes a valid concern for many families. There are a number of items to consider, such as long term health care, wills, probate, estate taxes and trusts. Many individuals are discovering that their estates are best protected through trust administration.

Is trust administration a lifetime job?

One of the questions that some Georgia residents might neglect to ask when they agree to take on a responsibility with regard to someone's estate plan is how long they are expected to serve. The executor of a will might readily understand that there will be an end to the job, but a trustee might not have the same assurance. Fortunately, trust administration will end in many trusts. The question then becomes when and how the job will end.

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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When you have legal questions or concerns, contact our team at Teiger Law Center, P.C., by calling 678-374-7645, 800-780-2275 or reach us via email by completing our online contact form. From our Cumming and Alpharetta law offices, we represent clients in the Atlanta metro and throughout north Georgia.

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