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 | 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 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...
