Here are some tips about estate taxes and IRAs. If your estate is large enough to be subject to estate taxes, you need to know that a traditional IRA is subject to estate tax on the IRA value prior to Read More 
ESTATE TAXES AND IRAs
Here are some tips about estate taxes and IRAs. If your estate is large enough to be subject to estate taxes, you need to know that a traditional IRA is subject to estate tax on the IRA value prior to Read More REVOCABLE TRUSTS AND TAXES
Georgia and South Carolina estate planning clients frequently ask whether creating a revocable trust saves income tax or estate tax. The answer is that generally, revocable trusts do not avoid income or estate taxes. Here are some of the rules Read More Estate Planning and Income Tax Basis of Gifts
Are you estate planning in Georgia? Our estate planning clients often ask about transferring assets to their children during the client’s lifetime rather than at death. One of the important factors to consider in making this decision is the income tax basis of “gifted” versus Read More
USING A TRUST TO PLAN FOR YOUR INCAPACITY
Trusts are often used as an estate planning tool in Georgia, South Carolina, and other states. Here are some strategies to consider in using a trust to plan for your incapacity. Create a trust and transfer assets now Create a trust and transfer Read More Eat Your ESTATE PLANNING Vegetables
Brussel sprouts, okra, green beans, roasted with olive oil, Italian herbs, crushed red pepper – does this sound delicious? Maybe, maybe not. But it’s definitely good for you. I ate my Georgia farmers market vegetables tonight as an investment in future good health. Estate planning is Read More Importance of Estate Planning
One of the benefits of being an Atlanta estate planner is the network of financial and legal professionals working in the estate planning field. Thanks to financial planner Peter Miralles for sending me his Atlanta Wealth Consultants LLC September 2013 newsletter. There is Read More
2013 ESTATE TAX LAW UPDATE FROM HINDSON AND MELTON LLC
Key features of 2013 estate tax laws after American Taxpayer Relief Act of 2012 (ATRA) include the following. Information from partner Karen Hindson of the Georgia and South Carolina estate planning firm Hindson & Melton LLC: The exclusion amount of $5 million continues in Read More
Annual Exclusion Gifts to Minors
Gifts are an important tool in estate planning. Annual exclusion gifts are one of the most frequently used means of transferring wealth to the next generations. There are a number of possible tools for making annual exclusion gifts to minors: gifting outright, gifting Read More
Second Marriage Estate Planning Tips for South Carolina Domiciliary
Second marriages present some interesting estate planning issues. Hindson & Melton LLC recommends that individuals contemplating a second (or subsequent) marriage seek legal advice prior to the marriage. Second marriage estate planning considers issues such as: what, if any, assets to own jointly and when Read More
Estate Planning Annual Exclusion Gifts
Many financially secure individuals choose to share the wealth during their lifetime through estate planning gifts. These gifts can have the advantage of reducing estate taxes while permitting the donor to enjoy seeing the benefits of their gifts during their lifetime. Rules Read More
