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

Morning Walk 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

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

Buy-Sell Agreements Are Important to Business Succession Planning

Buy-Sell Agreements are important to business succession planning for many business owners. When might you consider a buy-sell agreement as part of your estate and business succession planning? If you own a portion, but not all, of the business, your Read More

Income Tax Bracket 2012

Do you know your income tax bracket 2012?  Often in an estate planning or financial planning session, you will be asked your current income tax bracket. For 2012, if you are married filing jointly or surviving spouse: Taxable income between $0 Read More

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