Posts tagged "estate planning"

Things to consider in selecting a trustee to manage trust assets, P.1

Selecting a trustee to manage trust property is a big decision, and it is important to make the right one. Because acting as trustee requires a significant amount of time and some knowledge of tax law and money management, not everybody is fit for the task.

Survivorship policies can help heirs avoid having to sell illiquid assets

Estate taxes are an important part of estate planning. On the one hand, there is the task of doing everything possible to minimize estate taxes. Various tools and techniques are used for this purpose. On the other hand, there is the task of proving the funds to pay for any estate taxes that are unavoidable. People sometimes overlook this latter task.

Periodic review of estate plan is a good idea

In our previous topic, we began by pointing out the importance of doing estate planning, no matter who you are. Both the wealthy and the not so wealthy can benefit from appropriate estate planning. Here we'd like to point out the importance of not considering estate planning a task to complete and forget.

Gifting can help reduce estate taxes, achieve estate planning goals

As our readers may have heard us mention before, the end of 2012 will usher in big changes for the gift and estate tax regime. At present, taxpayers have the opportunity to pass on just over $5 million in wealth, free of estate tax. In 2013, that number is set to change back to $1 million, unless Congress takes action.

Asset protection trusts can be useful tool for estate planning

Our Alpharetta readers may have heard of asset protection trusts, or self-settled trusts, in the context of estate planning. Self-settled trusts are those in which the grantor and the beneficiary are the same person. Such trusts receive the type of protection from creditors normally given to other types of trusts while allowing the grantor to maintain control of the assets.

Addressing uncomfortable questions in estate planning an important thing to do, P.2

In our previous post, we began speaking about some uncomfortable yet important questions that can come up in the estate planning process, and the need to address these questions. As we noted, this is not always easy to do, but well worth it.

Addressing uncomfortable questions in estate planning an important thing to do, P.1

A large part of doing estate planning is knowing the right questions to ask. Sometimes these questions can be uncomfortable, but asking them is the first step to coming up with strategies to address them.

Attorneys move away from use of trust formula clauses as exclusion amounts change

One of the great functions of trusts in estate planning to is minimize estate taxes. For married couples, there is usually a concern that the surviving spouses have enough money to last until their death. One of the techniques married couples often use is to include a formula clause in their trust which specifies that their children get the amount of assets equivalent to the federal estate tax exclusion, while the rest will go to a marital trust for the surviving spouse.

Tips for adult children in funding elderly parent's long term care, P.2

In our last post, we began speaking about a number a steps one can take to avoid a situation where long-term care expenses get out of hand and leave a family financially overwhelmed. We already mentioned the importance of taking time to sign an elderly parent up for Medicaid and Medicare, as well as obtaining a durable power of attorney.

Tips for adult children in funding elderly parent's long term care, P.1

Medicaid planning and long-term care planning is certainly an important aspect of estate planning, and various strategies can be employed to ensure that one is able to take full advantage of the program. But even when an elderly parent is able to obtain Medicaid, costs for long term care are not completely taken care of, and family can end up being responsible for paying those costs.

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

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.


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