by Susan Grissom | Jan 9, 2024 | Estate Planning
The current estate and gift tax exemption of 2024 is $13,610,000.00 (or $27,220,000.00 for a couple). There is still a step-up in basis for inherited property and assets, and the annual gifting limits are higher than ever at $18,000.00 (or $36,000.00 for a couple) per...
by Susan Grissom | Jan 2, 2024 | Estate Planning
Creating an estate plan can be a daunting task for some individuals, but it is a necessary step in securing your assets and ensuring that your property is left to the beneficiaries of your choice. The importance of estate planning cannot be overstated, as it provides...
by Susan Grissom | Dec 26, 2023 | Estate Planning, Wills & Trust
As part of an estate plan, you can create two types of powers of attorney – specific or limited and general / durable power of attorney. Both documents authorize others to handle matters named in the document under certain circumstances. However, you need to ensure...
by Susan Grissom | Dec 19, 2023 | Estate Planning
As we wrap up 2023, I wish to take the opportunity to thank our clients and referral partners for trusting us and allowing us to work with you during 2023! I also wish to wish each of you Happy Holidays! Without you, our success would not be possible. Thank you!...
by Susan Grissom | Dec 12, 2023 | Estate Planning
We are frequently asked about whether clients can execute their Will electronically. An electronic Will is written, signed and notarized electronically. Georgia does not recognize electronic Wills of any type. With most law offices going digital and most individuals...
by Susan Grissom | Dec 5, 2023 | Estate Planning, Wills & Trust
Estate planning is essential for ensuring that your assets are distributed according to your wishes and that your loved ones are taken care of after you pass away. An effective estate plan will also provide guidance for medical decisions and financial affairs in the...
by Susan Grissom | Nov 28, 2023 | Estate Planning, Wills & Trust
When creating an Estate Plan, preparation and execution of the documents, i.e., Last Will and Testament and Trust are very important; however, they are only part of the process. If you created a Trust as a part of your plan you also need to fund the trust. Funding...
by Susan Grissom | Nov 21, 2023 | Corporate, Estate Planning, Probate
Happy Thanksgiving! Dictionary.com defines thanksgiving as the act of giving thanks; grateful acknowledgment of benefits or favors … an expression of thanks. The holiday is a holiday to celebrate the harvest and other blessings of the past year. I try to...
by Susan Grissom | Nov 14, 2023 | Estate Planning, Probate, Wills & Trust
A revocable living trust is a powerful estate planning tool that provides individuals with control over their assets during their lifetime and ensures a smooth transfer of these assets to beneficiaries upon their passing. When a grantor of a revocable living trust...
by Susan Grissom | Nov 7, 2023 | Probate
If you are named as the personal representative of an estate and the court appoints you, unless waived by Will or relieved by the Court of doing so, you are required to prepare and file an inventory report within six months of being appointed pursuant to O.C.G.A....
