Estate Planning Archives

5 reasons to do estate planning today

Almost everyone will tell you that effective estate planning is crucial. At the same time, most people will also tell you that they haven't done enough or haven't even started yet. People often assume they don't need to worry about it until they're older, they feel uncomfortable planning for their own passing, or they just don't realize that it should be done sooner rather than later. Below are five reasons why you must get started today.

3 reasons appointing power of attorney is vital for your estate

When it's time to plan your estate, something that must be done is the appointment of a power of attorney. The POA has several important jobs, but, most importantly, he or she can make all necessary decisions for you in the case that you can't due to illness or imminent death. Some POA appointments can continue to control parts of your estate and to take actions on your behalf after death if you indicate this in your will.

Planning for a family-owned business: succession is key

You considered a lot when you set up your family business, from obtaining financing to selecting an entity. Your children were no doubt a factor as well. Some of it was good; with a family-run business, you can keep control between those you love. Some of it may have been concerning; will it cause tension in the family? Will kids have the desire to take over?

Balancing estate tax and capital gains tax liability

In our last post, we explored the issue of income tax savings with respect to bypass trusts. In this one, we’ll look at a particular strategy to allow beneficiaries of a bypass trust avoid capital gains tax on assets they receive when a surviving spouse (their father or mother) dies.

Clark estate dispute may end with settlement

We wrote last week about the estate planning dispute involving the estate of copper heiress Huguette Clark, involving the issue of whether Clark had capacity when she executed her second will. As our readers will remember, the second will drastically changed how Clark disposed of her assets, and named some sketchy beneficiaries, including her attorney, her caretakers, and the institution where she lived out her last years.

Young adults encouraged to put estate plan in place

Estate planning attorneys and financial planners, it seems, are always encouraging people to get an estate plan in place and to regularly update it. Most of us know this is good advice, and that the sooner we get around to it, the more peace of mind we’ll have. But when do we do it? When is a good time to actually buckle down and get a plan in place?

Keep your beneficiary designations updated

In estate planning, there are a number of common mistakes that people fall into. One of these is failing to monitor beneficiary designations. These are important, as they determine where funds from bank brokerage accounts, life insurance policies, retirement packages, and company benefit plans go. When your beneficiary designation forms are not up to date, you risks having those funds go where they are not intended to go.

Everyone can benefit from estate planning in Alpharetta

A lot of estate planning conversations center around how to best avoid state or federal estate taxes, but not all of Alpharetta residents are going to hit the $5.25 million exemption -- or whatever lawmakers decide that amount may be at the time of death. Can estate planning benefit those with estates that don’t add up to multiple millions?

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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