ESTATE PLANNING NOTEBOOK | Gifts of the Season | February

February getaway 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

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

CUSTODY WHEN ONE PARENT DIES

Sunset  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

4 Estate Planning Tips

4 Estate Planning Tips As part of Georgia estate planning, consider a revocable living trust to address your potential future incapacity. If you like the idea of using a revocable living trust as part of your estate plan for incapacity but don’t want to transfer your assets into a Read More

DO NOT RESUSCITATE ORDERS Georgia

Do Not Resuscitate orders can be confusing.  Does having a health care power of attorney for someone authorize me to order a “do not resuscitate” ( DNR ) for that individual?  The basic answer is no; a licensed physician must sign the Do Not Resuscitate order based Read More

What if I die without a Will in South Carolina?

IMG_3187 South Carolina law will determine who receives your assets if you die without a valid Last Will and Testament.  Dying without a will is called “intestacy”, and each state has its own intestacy law.  There are lots of variations in 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

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

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

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