In previous posts, we covered the basics of Georgia probate and the death of Hollywood legend Elizabeth Taylor. The celebrity news website Radar Online reports that the probate process has begun for Elizabeth Taylor's estate, which is estimated to be worth between $600 million and $1 billion.
Iconic movie star Elizabeth Taylor's death last week is a reminder of the importance of a solid estate plan. The Academy Award winner was known for her many films, husbands, and extensive jewelry collection. Taylor is also remembered as the first major Hollywood star to join the fight against HIV/AIDS.
The former lead singer of the popular Georgia band "Atlanta Rhythm Section" died last week of heart failure. The 60-year-old singer led the Atlanta Rhythm Section in the 1970's through a string of hits that includes "I'm Not Gonna Let It Bother Me," "Imaginary Lover ," "So Into You," and "Champagne Jam," the Atlanta Journal-Constitution reports.
A common misperception about wills is that wills are documents that only elderly people sign to pass property to their heirs. While wills are often used for those purposes, wills are also important for young parents as well.
Families in Northeast Georgia recently protected their land by granting conservation easements to the Athens Land Trust. The families gave the easements to the trust to protect the natural resources of their properties for their heirs.
An advance directive for health care is a powerful document that will allow you to express your decisions regarding your end-of-life care ahead of time. Advance directives may be the only way to express and enforce your wishes concerning your care if you became too hurt or sick to communicate.
The decision of who will be an estate executor is an important part of any estate plan. An estate executor is a time consuming position because the executor will administer an estate until it is legally closed, which can take years.
A special needs trust is a vital financial planning tool for many of the 54 million Americans who have a mental or physical disability. Many disabled individuals have unique financial planning needs because of the federal and state laws that cap the amount of assets that a person can have in order to qualify for Medicaid and Supplemental Security Income.