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...
by Susan Grissom | Mar 2, 2021 | Estate Planning
Georgia abolished its estate tax in 2014. However, you might still have to pay federal estate taxes, depending on the size of your estate. The exemption amount has increased over the years. In 2005, if the value of your prior taxable gifts and gross assets were over...
by Madalyn Davis | Feb 23, 2021 | Estate Planning, Wills & Trust
Once clients get a draft of their estate plan, the most frequent comment is “I tried to read it, but some of it was legal gibberish.” While we try to make our legal documents as straight forward and clear as possible, to make them as legally effective as...
by Madalyn Davis | Feb 16, 2021 | Estate Planning, Wills & Trust
Creating an estate plan when you have minor children brings special considerations and concerns. Everyone wants to create a secure future for their children, but few often plan carefully for it. Here are some of the reasons an estate plan is so important with minor...
