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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

8 Tips When Developing Your Estate Plan

Posted on August 30, 2008
You've spent years growing your wealth and building your estate, so it is just good sense to plan to protect your assets and pass them on to your beneficiaries according to your wishes. When you're ready to sit down with...

Don?t Wait to Create Your Own Last Lecture

Posted on August 29, 2008
Randy Pausch died on July 25, 2008. You know Randy because, after being diagnosed with pancreatic cancer and being given a diagnosis of 3-6 months to live, he gave his ?Last Lecture? to a packed classroom at Carnegie Mellon where...

Wills Help to Avoid Confusion, Fights After Death

Posted on August 13, 2008
A few weeks after they married, Joan Koonce?s husband was diagnosed with leukemia. Their marital bliss turned instantly to anxiety and long hours in the hospital. ?We really didn?t have time to think or feel,? Koonce said. ?We just got...

Should You LegalZoom?

Posted on July 31, 2008
The following article is written by Fellow Estate Planning Attorney, Alexis Martin Neely ________________________________________ I have major mixed feelings about LegalZoom. I'm not going to lie, I am mighty impressed by the business acumen of the lawyers who started LegalZoom...

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Fresno judge orders woman back on life support

Posted on July 29, 2008
I found the article repinted below in the San Jose Mercury News, about an "End of Life" case going on right now in Fresno. As the title indicates, there are definite parallels to the Terry Schiavo case. The potentially more...

Estate Planning FAQs

Posted on July 27, 2008
Q: Wills vs. Trust. . . why do you say we need both? A. A Will is a legal document that tells a Court how you want your assets to be distributed after your death. If you have over a...

What are Priceless Conversations?

Posted on July 20, 2008
One of the most unique and special parts of my estate planning practice are what are known as "Priceless Conversations." These were the creation of Scott Farnsworth of Sunbridge Legacy. The following is excerpted from an article written by Andrew...

Family Devastated After Tragic Car Accident... Three Boys Spend Time in Foster Care; Family Fighting Leads to Bitter Feud in Public Court

Posted on July 19, 2008
Redondo Beach, CA - On July 31, 2006, the Barber family was in a tragic car accident. Parents Melanie and Casey died. Their family was thrown into a nightmare. This is a true story. Mel and Casey had talked about...

Why I Became A Personal Family Lawyer

Posted on July 18, 2008
I started this blog last year with the intent on making it the go-to resource for Estate Planning, Wills and Trusts in Georgia. Admittedly, I had a hard time finding a focus for it as I struggled with what kind...

Do Your College Age Children Have Healthcare Directives? DO YOU?

Posted on July 18, 2008
We should all protect our families and our assets with legal documents like wills and trusts, but what are our essential needs and what can we do on our own to save on legal fees? Family financial and legal expert,...

Should You Make a Run on the Bank? How the Indy Mac Bank Collapse Affects You

Posted on July 16, 2008
The following article is by author and Family Wealth Planning Institute founder Alexis Martin Neely: First of all, let me start by stating this as loudly and clearly as I possibly can. DO NOT PANIC! If you are an IndyMac...

Should You Make a Run on the Bank? How the Indy Mac Bank Collapse Affects You

How Living Trusts Avoid Probate

Posted on July 16, 2008
Here's the lowdown on basic probate-avoiding living trusts. Ask people why they work hard and save their money, and often you'll hear that it's not only because they want to raise their own standard of living; they want to leave...

The Truth About Probate

Posted on July 15, 2008
The (Claimed) Advantages of Probate These are the purported advantages to probate: The court protects the heirs and beneficiaries. Probate cuts off the claims of creditors after a specific period of time The transfer of title is a public record...

ALTERNATIVES TO ADULT GUARDIANSHIP IN GEORGIA

Posted on July 01, 2008
"Caring for the needs and affairs of those incapable of caring for themselves" INTRODUCTION Is the formal appointment of a guardian by the Probate Court necessary to care for or conduct the affairs of an adult who has become incapacitated...

Life Comes at You Fast

Posted on June 27, 2008
The following post is by Texas Personal Family Lawyer Dick T. Brown at his blog: We've all seen those TV ads by Nationwide Insurance. The actor or actress is feeling all secure, then WHAM!!!, something totally unexpected hits like the...

Probate Predators: Some fairy tales hit too close to home

Posted on June 19, 2008
MANY THANKS TO THE COMIC STRIP NON SEQUITOR BY WILEY FOR REMINDING US THAT PROBATE PREDATORS ARE NOT AN UNCOMMON OCCURENCE SOURCE: RussellBuchan.com To avoid this situation for passing your financial assets to your children, please call us to discuss...

Trusts: An Overview

Posted on June 15, 2008
Trusts are estate-planning tools that can replace or supplement wills, as well as help manage property during life. A trust manages the distribution of a person's property by transferring its benefits and obligations to different people. There are many reasons...

Glossary of Estate Planning Terms

Posted on June 14, 2008
A-B Trust - A kind of living trust that, upon the death of the first spouse, divides into two distinct trusts: the Marital/Survivor's Trust and the Credit Shelter/Bypass Trust. Credit Shelter Trust (aka Bypass Trust) - An estate planning tool...

How Do I Choose the Right Guardian for My Children?

Posted on June 12, 2008
Choosing a person or family to care for your children is difficult. In fact, for many families, it?s the hardest part of planning their estate. It?s not easy to think of anyone else, no matter how loving, raising your child....

Estate Settlement Glossary of Terms

Posted on June 10, 2008
Administrator The individual or institution appointed by the court to oversee the settlement of an estate of a person who has died without a will. Alternative Date of Death The executor or trustee of an estate has the option to...

57% of Americans Do Not Have a Will; 69% of Parents Have Not Named Guardians for Their Children

Posted on June 03, 2008
Bankrate, Inc. (Nasdaq: RATE) has published the findings of a national poll which found that 57% of consumers do not have a will. Furthermore, 69% of parents with children under the age of 18 are not prepared with a will....

Alexis Martin Neely on Today Show

Posted on June 03, 2008
Alexis Martin Neely, founder of the Family Wealth Planning Institute and the Personal Family Lawyer (TM) Program, of which I am proud now to be a part, appeared on the Today Show today with information about the needs of parents...

What is Estate Planning?

Posted on June 02, 2008
Estate planning is one of the most important steps any person can take to make sure that their final property and health care wishes are honored, and that loved ones are provided for in their absence. Though often overlooked or...

Advantages of Various Estate Planning Tools

Posted on June 01, 2008
There are a lot of estate planning tools available to you. The following table summarizes the benefits provided by some of the more common estate planning techniques. Talk to your estate planning attorney for the details. (Note: For definitions of...

Tax-Saving AB Trusts

Posted on May 14, 2008
Couples can save a bundle on estate taxes with this kind of trust. First, the good news: Most people don't need to think about federal estate tax, which kicks in only when someone dies owning a very large amount of...

Georgia Estate Planning and Probate Law: Why Do I Need a Will?

Posted on May 13, 2008
Introduction Few people enjoy estate planning. This is one reason so many lawyers die without wills. Estate planning is uncomfortable, but you should consider it a labor of love for your family and friends. What you do or fail to...

ESTATE PLANNING LAW

Posted on May 13, 2008
Life Advice - Planning Your Estate A primary purpose of estate planning is to distribute your assets according to your wishes after your death. Successful estate planning transfers your assets to your beneficiaries quickly and usually with minimal tax consequences...

Estate Planning in Georgia

Posted on May 09, 2008
You can save a lot of money and potential chaos and hard feelings among those closest to you by preplanning how you want your assets managed when you are incapacitated, and how your property will be divided at your death....

Power of Attorney

Posted on May 03, 2008
What is a power of attorney? A power of attorney is a document authorizing someone else (agent) to act on your behalf. The purpose of giving someone such a power is to enable the agent to act on your behalf...

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