by Susan Grissom | Sep 6, 2022 | Estate Planning
What is a Standby Supplemental Needs Trust? One of the purposes of creating an estate plan is to provide protection of assets transferred to beneficiaries from creditors and ensure that the beneficiary receives the assets. Similarly, while you may not think of the...
by Susan Grissom | Aug 30, 2022 | Probate, Wills & Trust
When you create a Will in Georgia, you must make sure it is valid. The probate court determines the validity of a Will based on the statutes. If the probate court finds that your Will is not valid, it processes the Will as if you were to die intestate – without a...
by Susan Grissom | Aug 23, 2022 | Estate Planning
A Charitable Remainder Trust is another tool in estate planning that allows gifts to charity while reducing the tax burden on the giver. Lately, Charitable Remainder Trusts have gained popularity, but it is important to understand what they are, what they do, and when...
by Susan Grissom | Aug 16, 2022 | Estate Planning, Wills & Trust
An Irrevocable Life Insurance Trust (ILIT) is an estate planning tool that moves your life insurance policy into an irrevocable trust. Once the trust is created, the value of the policy is removed from your taxable estate and protected from any possible creditors if...
by Susan Grissom | Aug 9, 2022 | Estate Planning, Wills & Trust
Sometimes referred to as an AB Trust, or Bypass Trust, a Credit Shelter Trust is used when a couple either has a taxable estate or is likely to have a taxable estate by the time they pass. Although the current federal estate exemptions are high ($24,120,000 in 2022),...
