No matter how much knowledge you have about wealth management and investment everyone is capable of making irrational financial decisions Many individuals approach finances for themselves their families and their business with a set of preconceived notions that they may not be aware they have This may lead to investment choices that are a poor hellip
More often than not a home is the most valuable asset in an estate It follows that many people want to pass their home down to their children However a home is a difficult thing for siblings to share unless they plan to live in the home together Further adult children may have their own hellip
Often an individual crafts their will with the intention of keeping will disputes to a minimum Wills are already difficult to contest but some people want extra protection to ensure their will is not challenged after they are gone For those people a no contest clause may be the answer No contest clauses also known as in hellip
Cost is a big consideration when deciding whether or not to contest a will in Georgia Although some will contests are brought solely out of principle most people who challenge a will do so with financial considerations in mind Some litigants contest a will under the assumption that the estate will ultimately reimburse their legal hellip
Wills can stir up many unresolved issues among family members Upon learning the contents of a will unhappy beneficiaries may be tempted to contest the will before they understand what a will contest involves There are many risks involved to contest a will in Georgia and a good litigator will tell you the risks associated hellip
Disinheritance by a family member can be a bitter experience For an individual who is disinherited in Georgia they are often viewed as estranged from their family However disinheritance is not always caused by bitterness and is sometimes seen by parents or spouses as a reasonable solution to a unique circumstance In most cases however hellip
Fiduciary duties are legally imposed standards to which fiduciaries must adhere The range of standards is wide and can be specified depending on the type of fiduciary relationship that exists between a representative and his representee However these standards can typically be broken into one of two categories the duty of care and the fiduciary hellip
For many people pets are considered to be part of the family So it s not surprising that family pets are often considered in estate planning Allocating pet trust funds especially for expensive animals like horses ensures they are properly cared for after the owner s passing Headlines reading 8220 World 8217 s Richest Cat 8221 are certainly compelling However in hellip
The easiest way to quickly move your assets through probate and avoid disputes between your inheritors is to make sure your estate plan covers all of your assets Naturally this requires drafting a will and keeping it updated But there are many other aspects of estate planning that you should consider A complete and hellip
Having a financial plan for and educating your family is generally the best way to assure that your family will be able to sustain its wealth But less than ten percent of families are able to sustain their wealth through the fourth generation In our latest Wealth Matters episode we sat down with two special hellip
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