by Susan Grissom | May 11, 2021 | Estate Planning, Probate, Wills & Trust
When you create an estate plan, one of the vehicles you can use to manage your assets either during your lifetime or after your death is a trust. There are several types of trusts available depending on your circumstances and how you want to manage your estate. Two of...
by Susan Grissom | May 4, 2021 | Estate Planning, Probate
Most people choose just one person to be the executor of an estate and one person to be the trustee of a trust. However, you can choose more than one. Before you make that decision, you should carefully consider the people you choose. Choosing people who do not get...
by Susan Grissom | Apr 27, 2021 | Estate Planning
Georgia has both a financial power of attorney and a healthcare power of attorney, usually referred to as an advance directive for healthcare. When you are creating your estate plan, you should consider including both documents. Both documents allow someone else to...
by Susan Grissom | Apr 20, 2021 | Probate
The Bureau of the Fiscal Service of the U.S. Department of the Treasury, published a form (the FS Form 5336) that allows a Voluntary Representative to claim Savings Bonds belonging to a deceased individual. This form cannot be used if the estate is in probate or being...
by Susan Grissom | Apr 13, 2021 | Corporate
Before you set up a new business, you have to make several legal decisions. These decisions could affect how much tax you pay, how you pay business taxes, the amount of liability you personally face if someone sues your business and several other factors. Creating a...
by Susan Grissom | Apr 6, 2021 | Business, Corporate
The State of Georgia, like other states, requires that businesses registered with the Secretary of State have a Registered Agent associated with the business. When an entity is formed in Georgia, the name and address of the Registered Agent is required information in...
by Susan Grissom | Mar 30, 2021 | Business, Corporate
Each year, Georgia businesses are required to take certain actions to continue to do business legally within Georgia. Here are a few of the actions, annual renewals, etc., you may be required to take: Entity Status Renewal In Georgia, every corporation, limited...
by Susan Grissom | Mar 23, 2021 | Estate Planning
The Internal Revenue Service has a lifetime gift tax exemption. The amount of the exemption is adjusted annually for inflation. For 2020, the exemption was $11.58 million. This means persons who died in 2020 could give away up to $11.58 million in assets without...
by Susan Grissom | Mar 16, 2021 | Probate
In most cases, the personal representative needs to file a final tax return on behalf of the deceased – with the Internal Revenue Service (IRS) and Georgia. If you are the administrator of the deceased’s estate, you should contact a Georgia probate attorney to help...
by Susan Grissom | Mar 9, 2021 | Estate Planning, Wills & Trust
We receive several questions related to trusts on a regular basis. In this blog, I will address some of the most frequent questions regarding trusts and taxes. Do trusts pay taxes? One of the most frequent questions I get with regards to trusts is whether income...
