As the executor of an estate, you have an obligation to follow the instructions and wishes of the deceased. Most executors recognize that they need to protect assets from creditor claims and do their best to make sure that they distribute items as requested by the...
Caring For You In The Long Term
Year: 2020
Update your estate plan if you get divorced
If you already have an estate plan, that’s excellent. Most people do not, so you’re ahead of the game. You’re prepared for the unexpected, and you know your family will be taken care of. However, don’t make the mistake of assuming that your estate plan is now set for...
What is a medical power of attorney?
Generally speaking, no one can make medical decisions for someone other than the person themself. There is the obvious exception of children, as parents are allowed to make choices for them when they are minors. Adults, however, hold the key to their own medical...
Signs of undue influence over a will
Most wills go through probate without any major hitches -- and challenging a will isn’t exactly easy. So why does a will ever get challenged? Usually, there’s far more to the situation than an unhappy heir or two. One of the most common reasons for challenging a will...
Long-term care in a nursing home: Prepare for the possibility
It doesn’t matter if you’re young, middle-aged or well past retirement, it’s critical that you turn your attention to the future. And when it comes to estate planning, that means focusing on long-term care. It’s your hope that you never require long-term care in a...
Why special needs trusts are important
While estate planning is beneficial for almost everyone, it is even more imperative if you have a child with special needs. Because most children with special needs receive benefits from the government, it is important to protect them from losing those benefits. We...
Common mistakes in estate planning
The death of a loved one is always a trying time for the family. One of the greatest challenges is trying to figure out what to do with the deceased’s property. For many, a will has already been laid out by the testator. Since this is a tricky area of the law, it is...
What wills are valid in Georgia?
Georgia has its own laws for determining what wills are valid. After all, not every state allows for certain wills. In fact, there are variations on will types within each state, too. Knowing what wills are valid in Georgia is important. This way, you know how to...
4 tactics for reducing inheritance conflict
You worked long and hard to amass a legacy to leave your children, and you want to make sure they have access to as much of it as possible. Inheritance conflicts may eat up a substantial percentage of what you leave behind, so it benefits all of your beneficiaries to...
What is a simple will?
Most people are aware that estate planning is an integral part of taking care of assets, but many are hesitant because of the seemingly-complex process. However, it is possible to create a will and have it be simple. This type of will can include things like naming a...