Annual Gift Tax Exclusion 2018
What is the maximum annual gift for 2018 under federal tax law? For 2018, the annual gift tax exclusion is $15,000. A husband and wife can give up to twice the annual $15,000 gift tax exclusion amount, or $30,000, to Read More
Estate Tax Update 2018
Are you curious about estate tax in 2018? For an individual who dies in 2018, the estate can be as large as $11,180,000 before federal estate tax will be due. This dollar amount is called the basic exclusion amount. What Read More
ESTATE PLANNING NOTEBOOK | Gifts of the Season | February
February is the the month for love, valentines, chocolates, and warm weather getaways. Make an estate planning notebook your “gift of the season” to show your love in February. Personal estate planning notebook for key information Start a notebook for Read More Hindson & Melton LLC New Location
Our new address is 1050 Crown Pointe Parkway, Suite 500, Atlanta, GA 30338. Come visit us! Phones and email remain the same. Happy New Year! Read More
QTIP Trust
When is a QTIP Trust appropriate? A QTIP trust – or qualified terminal interest property trust – can be helpful in the right situation. Two common scenarios where a QTIP trust might be useful are: for a married individual with children Read More
Annual Gifting Amount
The maximum annual gifting amount to each individual remains $14,000 for both 2016 and 2017. Spouses combining gifts can give a total of up to $28,000 to a single individual. You can make gifts to multiple people in a single year. Additionally, Read More
Self-Executing Change of Custody
Self-executing change of custody orders are problematic and will be overturned by Georgia courts on appeal. What is a self-executing change of custody provision? A custody provision that provides for an automatic change of custody based on a future event Read More
Georgia Legitimation Law Update
Georgia legitimation law updated in 2016; unwed fathers must file a petition for legitimation in Court to have custodial rights and parenting time with their children guaranteed. In recent years, unwed parents were able to administratively legitimate a child by signing and Read More
CUSTODY WHEN ONE PARENT DIES
What if your ex NEVER should have custody of your child? Georgia law provides that the surviving parent is entitled to custody when one parent dies. O.C.G.A. Section 19-9-2. However, the statute also says that the judge may exercise discretion and Read More GEORGIA SAME-SEX MARRIAGE
Georgia’s same-sex marriage laws evaporated with the announcement of the 2015 Obergefell v. Hodges decision. The landmark United States Supreme Court decision requires States to: - license a marriage between two people of the same sex, and - recognize a marriage between two people of Read More 