People use many different terms to describe the various types of trusts. Other posts have discussed the differences between revocable and irrevocable trusts. Another way to characterize trusts is as “discretionary.” Discretionary trusts can be revocable or irrevocable. The term discretionary simply refers to the manner in which assets can be distributed. Discretionary Trust 101 […]
The passing of a loved one is one of the most mournful moments of a lifetime. Emotions are high. Patience is short. Emotions can be further exacerbated by poor communication between an executor and beneficiaries. Beneficiaries who perceive, rightly or wrongly, that an executor is intentionally withholding information (i.e., the contents of safe deposit boxes, […]
Wills typically identify someone to serve as executor of the estate – a person or institution charged with administering the estate according to the instructions in the will. In cases where a will does not identify an executor or where the named executor is not willing or capable of serving in that capacity, one or […]
In Georgia, the difference between handwritten wills and holographic wills is substantial: one may be valid; the other is invalid. If you are deciding whether to probate or contest a Last Will and Testament that is not typed, it is important to understand the difference. It is also important to understand the law in the […]
Studies show that the majority of people retire earlier than they expected or intended. In most cases, this means that they have less money saved for retirement than they anticipated. It is important, when planning for retirement, to also plan for the possibility that you may be forced to stop working early due to illness […]
Groundbreaking film director John Singleton earned a small fortune during his career. With his sudden passing from stroke complications at the age of 51, it appears there may be a family feud brewing over his estate. TMZ reports the Oscar-nominated director left his $3.8 million estate to his oldest daughter, Justice Singleton. The will was […]
Many studies show that women, on average, live longer than men. But when it comes to finances, women tend to save less for retirement than men. This can be attributed to many factors, including disparities in pay and career growth between men and women, women stepping away from their careers to raise children or care […]
If you have a child with special needs, it is only natural to worry about what will happen to them after you are gone. It is important to think about who will care for them and how they will be supported financially. Estate planning is important for everyone, but it is especially important for families […]
If you have created an estate plan, chances are you have planned for the transfer of your bank accounts, investments, and physical property after your death. Instructions for cash and physical property tend to make up the majority of most wills. However, as we continue to transact more of our lives online, post-death planning for […]
Estate planning is a process that needs periodic attention. Both your family member’s needs and your assets will change over time. As a result, an estate plan that appropriate at one stage of your life may become less so over time. Many people do not consider the fact that after they die, their family members […]
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