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A Payable On Death (POD) account is one way that you can transfer assets to a beneficiary upon your passing. As such, it’s something that you may consider setting up while doing your estate planning. But it is much different than a will or a trust. With a POD account,...
It can be good to make an estate plan, even at a young age. Maybe you’re just in your 30s or 40s, so you feel like you’re nearing the halfway point of your life, but you have a lot of time left. Even so, drafting an estate plan at this time can help in case of an...
An adult who’s creating an estate plan might be focused on the ways in which they can pass down their assets to their beneficiaries. While that’s an important part of estate planning, planning for the unexpected is another critical consideration. If you’re getting...
Why are more people than ever concerned about estate planning? Because they know it safeguards their assets, secures their legacy and helps ensure that their final wishes are honored. You probably already understand the purpose of a will – to distribute assets per...
Two terms that are often used interchangeably when people plan their estate are “beneficiaries” and “heirs.” Both of these terms mean that someone can benefit from a decedent’s estate. However, the definitions of these terms are different and using them in the wrong...
Estate planning is crucial to ensuring your assets are distributed after you have passed away and is essential to creating generational wealth. You should be commended if you have taken the first steps towards securing your family’s financial future. However, an...
Irrevocable trusts are a valuable estate planning component. Once they are established and funded, you don’t control the assets in the trust. You also can’t change the terms of the trust. Understanding the ins and outs of these trusts can help you to determine if...
Did you know you have the power to plan and control your healthcare despite any medical problems, including incapacity, life may send your way? Planning your future healthcare involves making decisions about your wishes in the event of incapacitation and putting them...
Every year, thousands of estates are processed in Georgia as residents pass away. In some cases, there's no will or formalized planning for the disposition of the estate, which can lead to all kinds of messiness and complication. As a child of parents or a parent who...
Estate planning can be a straightforward process for many people. However, things can become much more complicated when a family member is estranged and expects to receive something during probate. Probate proceedings in Georgia may result in contested wills by...