Posts tagged "estate planning"

Basic estate planning can benefit everybody, P.2

In a previous post, we began discussing the importance of estate planning, noting that everyone can benefit from at least some basic estate planning. Basic estate planning can include a number of aspects, but it commonly includes setting up a will and a trust, as well as an advance healthcare directive and possibly a power of attorney. More can be done, of course, depending on the needs of the individual and his or her family and financial situation.

Avoiding conflict in caring for a declining parent

Transitioning to a position of more dependency on children can be a difficult thing for parents, especially those who pride themselves on their independence. The transition can be difficult not only on a personal level, but also on a family as a whole, particularly when there are disagreements about how to handle the transition as a family.

Basic estate planning can benefit everybody, P.1

Estate planning is not only for the rich, for those whose assets exceed the estate tax threshold. Almost everybody can benefit from some amount of estate planning. The simple reason is that, without specifying your wishes for your property, guardians for your children, your health care goals, and other basic matters, somebody else will decide for you, whether a state law, or a judge or a family member. What other people decide for you in these matters is probably not going to be what you want.  Better to specify your wishes when you are able to do so.

Revocable trusts may be wise in estate planning for spouses

Couples looking to protect their assets for the surviving spouse may be wise to work with an estate planning attorney. While some may feel they are aptly covered simply by the fact that they are married or have a written document in place the fact is that any property held in one spouse's name alone often isn't enough. If the deceased spouse owned property in his or her own name, his or her will bequeathed it to his or her trust, but such post-death funding of a trust requires a probate proceeding.

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.

“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.

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.

msg iconEmail Us For a Response

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.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cumming Office
514 West Maple Street
Suite 101
Cumming, GA 30040

Toll Free: 866-726-2153
Phone: 678-374-7645
Fax: 770-406-8858
Cumming Law Office Map

Alpharetta Office
12600 Deerfield Parkway, Suite 100
Alpharetta, GA 30004

Toll Free: 800-780-2275
Phone: 678-374-7645
Fax: 770-406-8858
Map & Directions