If you’ve been made the beneficiary of a will or trust, then you’re set to receive inheritance in the form of cash or other types of assets. However, an insolvent estate may put your inheritance at risk. In this blog, we’re going to discuss estate insolvency and whether or not there’s anything you can do […]
Transferring the value of a business to the next generation of family members can be a complex and highly-sensitive process, especially when some children work in the business while others do not. You may want to balance fairness and family harmony with ensuring that business can be successful in the future. Striking this balance requires […]
Losing a loved one is one of the most challenging experiences any person will go through. In the aftermath of such a loss, families often find themselves grappling with the overwhelming task of going through the deceased’s personal belongings and deciding who gets to keep every item of sentimental value. This can add even more […]
If you are the child of a baby boomer, the stress of providing long-term care for your parents as they age may feel overwhelming. Older adults often require caregiving essentials, including medication, housing, adult day care, and special mobility accommodations among other things. This process may be further complicated if you split the costs between […]
When you are the beneficiary of an estate, a reliable executor is key to maximizing the amount available for distribution to and the efficiency of estate administration. Executors are meant to have the best interests of the beneficiaries and creditors in mind when fulfilling their fiduciary duties. However, executors sometimes abuse their position. As leading […]
Fiduciaries, such as estate administrators and trustees of trusts, play crucial roles in the management and administration of the assets entrusted to them. A fiduciary who adheres to their obligations, like the duty of care and duty of loyalty, are invaluable assets. A fiduciary who breaches those obligations can cause havoc to your estate plan. […]
Most of the duties of an administrator of estate in Georgia can be summarized under fiduciary duty. A fiduciary is a person or entity responsible for carrying out tasks on behalf of another person, and an administrator of an estate carries the role of a fiduciary. Fiduciary duties require an administrator to behave in the […]
Trusts are powerful estate planning tools, as they provide specific management instructions for assets and wealth. Trusts can be revocable or irrevocable, the main difference being that revocable trusts are more easily altered while the grantor is alive. To modify an irrevocable trust, court permission is usually required. What is the Difference Between a Revocable […]
When someone dies without a will in Georgia, that person is said to have died “intestate.” For those with large estates, dying intestate can lead to squabbling among family members, particularly where the estate is illiquid and assets must be sold to be equally distributed. Many celebrities and influential figures, including Prince, Jimi Hendix, Martin […]
When parties have a dispute that they cannot resolve on their own, there are a number of ways to try and achieve a resolution. If these disputes cannot be solved simply or quickly, contesting parties must decide their method of resolution. Dispute resolution typically falls into one of two categories: court proceedings or alternative dispute […]
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