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Estate Planning

Georgia Wills, Trusts and Estate Planning Blog

News and Thoughts on Issues in Georgia regarding Wills, Advance Directives, Living Wills, Healthcare Powers of Attorney, Guardianship, Probate and more.
By Stephen Worrall

Post Frequency: 1.8/day

Last Entry: March 21, 2011 at 16:17:57

Living Trusts - FAQ's

Posted on March 15, 2009
Q: What is Probate and why does everyone want to avoid it? When a loved one passes away, his or her estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are...

The Most Important Letter of Your Life

Posted on February 08, 2009
The following article appeared in Weekly Leader and was written by Mario Vittone. At our law firm, our clients record "Priceless Conversations" as a similar means of passing on more than their financial wealth; their uniquely personal human, intellectual and...

Living Trusts: Do They Protect Your Assets From Creditors?

Posted on October 24, 2008
The following is an article written by Phil Craig, an attorney in California: ============================================================= A surprising number of readers want to know?Can a living trust protect my family?s assets from creditorsand lawsuits?? I think there are some promoters out there...

Kelli Wolk for Cobb County Probate Court Judge

Posted on October 22, 2008
The Leadership Committee of the Georgia Association of Women Lawyers featured Cobb County attorney and candidate for Cobb County Probate Judge, Kelli L. Wolk, in its Leadership Spotlight: This month?s leadership spotlight is on Kelli L. Wolk. Kelli is a...

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Avoid 7 common mistakes with trusts

Posted on October 20, 2008
Many people use revocable or living trusts in their estate plans. Living trusts are very powerful planning tools you can use for all kinds of purposes. Trusts can avoid probate, protect your beneficiaries from their creditors or divorcing spouses and...

$250,000 FDIC insurance makes trusts very attractive

Posted on October 20, 2008
There are good reasons and bad reasons for setting up a funded revocable living trust. Here is one of the better reasons: FDIC insurance has been increased and now covers each beneficiary's interest in an RLT up to $250,000 each....

Planning For Life

Posted on October 14, 2008
Why You Need A Membership Program NOW You have changes in your life, the law changes, and your assets change. If you don?t update your estate plan, then at the end of your life, your planning documents may be totally...

Our Estate Planning Process

Posted on October 14, 2008
Our Process Our process is designed to minimize confusion. There are three meetings. The Initial Meeting The initial meeting has two potential parts. The first part is a review of your current plan (or the State of Georgia's plan for...

How Our Law Firm is Different

Posted on October 14, 2008
Explaining to you how we?re different requires an explanation of what the ?traditional? experience with a lawyer is like. If you?ve worked with a lawyer to prepare estate planning documents for you in the past, this will sound familiar. During...

What it means to be a Personal Family Lawyer

Posted on October 14, 2008
In the following series of posts, I will explain in more detail what it means to be and to work with a Personal Family Lawyer and how it differs from the experienc of being or working with a traditional estate...

Protect Your Children In Case You Die

Posted on October 14, 2008
Kids Protection Plan InformationWhat if you are seriously injured in a car accident while driving your children to swimming lessons? What if your spouse is out of town and you are rushed to the emergency room?Who will ensure that your...

11 Things to Ask Before Hiring an Estate Planning Lawyer

Posted on October 11, 2008
These are the 11 things you should ask before engaging an estate planning lawyer to help you plan for the well-being of your money, your family and your life. Do you prepare a comprehensive plan for my kids? care if...

Late breaking news from FDIC insurance and trusts

Posted on October 11, 2008
Deposit Insurance Coverage Changes to FDIC Deposit Insurance Rules for Revocable Trust Accounts FIL-99-2008Revised as of October 8, 2008Summary: The FDIC has adopted an interim regulation simplifying the rules for insuring revocable trust accounts - commonly known as payable-on-death accounts...

Have Your Parents Planned For Your Protection?

Posted on October 10, 2008
The following is another article written by Personal Family Lawyer and founder of the Family Wealth Planning Institute, Alexis Martin Neely: When your parents die, you are the one who will be responsible for taking care of everything they leave...

Other Facts About Estate Settlement

Posted on October 10, 2008
You also should be aware of the other procedures involved in estate settlement. Here is a quick review of some of them. Your attorney, as well as the organizations mentioned, can provide more details. Transferring property When thinking about transferring...

Will or Living Trust?

Posted on October 10, 2008
You have two basic choices for transferring your assets on your death: the will, which is the standard method, and the living trust, which is rapidly growing in popularity. If you die without either a will or a living trust,...

Fundamental Questions

Posted on October 10, 2008
Because estate planning is not just about reducing taxes but also about making sure your assets are distributed as you wish both now and after you're gone, you need to consider three questions before you begin your estate planning. Who...

Estate Planning Basics

Posted on October 10, 2008
When you hear the phrase "estate planning," the first thought that comes to mind may be taxes. But estate planning is about more than just reducing taxes. It's about ensuring your assets are distributed according to your wishes. That's why,...

The Gift of A Lifetime Trust

Posted on October 10, 2008
A Lifetime Trust is and extremely valuable benefit that only you can give to your heirs. By holding assets in a trust for the lifetime of the beneficiary, you ensure that the inheritance is protected from lawsuits, spouses upon divorce...

If You Need Help, Don't Be Afraid To Ask

Posted on October 08, 2008
I?ve been thinking a lot about how I can most add value during this time of financial turmoil. It?s been weighing on my mind. I?m not worried about the economy. I know it will bounce back. What I?m worried about...

Family Financial Freedom Notebook

Posted on October 08, 2008
The following article is written by America's Personal Family Lawyer, Alexis Martin Neely, founder of the Family Wealth Planning Institute: Lots of people are wondering, what do I do know that the economy appears to be melting down? First and...

Choose the Right Trust Plan for Your Will

Posted on October 08, 2008
All trusts aren't alike. When you put a trust in your will, it should be drafted precisely in order to satisfy your wishes and goals. Just any old boilerplate text or preprinted legal form won't do.You may have one or...

Put Some Kick Into Your Estate Plan by Using Trusts

Posted on October 08, 2008
Are you looking for new ways to protect your family and your money? Would you like to cut estate taxes and probate costs, too?Trusts can be the answer. They are remarkably versatile and can broaden your estate plan. While not...

A Living Trust Could Be the Key to Your Estate Plan

Posted on October 08, 2008
There seems to be quite a bit of discussion these days on the subject of a living trust as an estate planning tool. But what is a living trust? What are its advantages? And how can a living trust fit...

Should You Create a Joint Trust?

Posted on October 08, 2008
If you're married, perhaps you and your spouse are thinking about setting up living trusts. If so, you might ask, "Can't we have just one living trust for the two of us?" Is a joint trust a good idea? How...

Discover the Flexibility of Living Trusts

Posted on October 08, 2008
A living trust is just what its name implies?a trust you establish while you're living. Living trusts can be "revocable" or "irrevocable," and there are unique characteristics to each. Although it's not normally intended to completely replace a will, a...

A Living Trust? You Don't Need to Be Rich

Posted on October 08, 2008
The term "trust fund" conjures up images of mansions, yachts and huge fortunes. But once the province of the very rich, trusts have found themselves into the lives of many families who've never thought of themselves as wealthy. Trusts come...

Five Benefits of a Living Trust

Posted on October 08, 2008
Living trusts are flexible estate planning tools that can offer you many advantages, five of which are mentioned below: 1. Revocable. Because the needs of family members may change over time, a living trust normally allows you to modify trust...

Getting Started: The Revocable Living Trust

Posted on October 08, 2008
The subject of a living trust as an estate planning tool generates quite a bit of discussion. A living trust is an arrangement you create during your lifetime to provide for yourself and your family both before and after your...

Family Wealth Planning Institute Personal Family Lawyers & Story of My Life Team Up To Preserve 'Priceless Conservations'

Posted on October 06, 2008
The Family Wealth Planning Institute? and Story of My Life� announce a partnership program to capture and preserve "Priceless Conversations?" that clients create when they create their estate plan with a Personal Family Lawyer� law firm. The Story of My...

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