ESTATE TAX PORTABILITY

Window of opportunity The IRS has opened a temporary window to apply for retroactive estate tax portability of the unused exemption amount for decedents who died in 2011, 2012, or 2013.  IRS Revenue Procedure 2014-18 issued in late January provides a window for Read More

ESTATE TAXES AND IRAs

Karen S. Hindson 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

BABY BOOMERS DIVORCE

Are you a member of the Baby Boomers? I know lots of people who are in the Baby Boomers Generation. The Baby Boomers have changed many things in the past fifty years. The lives of Baby Boomers have included more Read More

WHAT’S IN YOUR . . . GLOVE COMPARTMENT?!?

If you live in Georgia, I hope your answer to the question is, “A fully executed Georgia Advance Directive for Healthcare”. I bet you didn’t expect that, did you?  When I experienced a motor vehicle accident, I learned the hard Read More

GIFTS OF THE SEASON | December

GIFTS OF THE SEASON | December One of the best gifts of the season is the opportunity to reflect. Rituals of wrapping, baking, decorating, football, and singing out loud are comforting and familiar to me. Are there old habits or traditions I should discard? New habits Read More

REVOCABLE TRUSTS AND TAXES

Karen S. Hindson 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

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

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