by Susan Grissom | Sep 15, 2016 | Elder Care, Estate Planning, Wills & Trust
There is no hard and fast answer to your question of how long an Agent needs to keep financial documents. For tax purposes, people often recommend keeping seven years of records. For Medicaid purposes five years is enough, as you are doing. In terms of your siblings,...
by Susan Grissom | Sep 1, 2016 | Elder Care, Estate Planning, Wills & Trust
Passing down a Roth IRA can seem like a good idea, but it doesn’t always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences. Earnings in a traditional IRA generally are not...
by Susan Grissom | Aug 15, 2016 | Elder Care, Estate Planning, Wills & Trust
Does your estate plan include provisions for incapacity or does it only take effect after your death? Does your Estate Plan include a Last Will and Testament and perhaps a Revocable Living Trust to distribute our assets following death. Your Estate Plan should include...
by Susan Grissom | Aug 1, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
A Last Will and Testament is a document that allows you an opportunity to communicate your wishes and to dispose of your assets after death according to those wishes. There are many reasons to use a Last Will and Testament. The following are some of the reasons but is...
by Susan Grissom | Jul 15, 2016 | Elder Care, Estate Planning, Probate, Wills & Trust
A Revocable Living Trust is an effective estate planning tool for avoiding the costs and time of probate, preserving privacy, providing for management of assets during times of incapacity disability thereby avoiding the appointment of a conservator or guardian for...
by Susan Grissom | Jul 1, 2016 | Elder Care, Estate Planning, Wills & Trust
Guardianship and conservatorship are legal processes through which the court appoints a person to oversee the financial or personal affairs of an individual who is either incapacitated or who has not reached the age of majority. In Georgia, Probate courts have...
