When people think about estate planning, they likely think about the big-ticket items first. For example, who they should leave their house to or who they want to receive the contents of their investment accounts. While it is crucial to plan for those, you also need...
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Estate Planning
Can you alter an estate plan?
Estate planning is a process that a testator can continue for the rest of their life. In other words, a testator can update their estate plan to make changes to their beneficiaries, itemization of assets or other important features. It’s often recommended that a will...
Mistakes to avoid when choosing an executor
Choosing an executor for your will is an important decision that will impact how your estate is managed and distributed after passing. An executor manages your estate, pays off debts and taxes and distributes assets according to your will. Given the complexity and...
Don’t confuse your heirs and beneficiaries when estate planning
You may have used the terms “heir” and “beneficiary” interchangeably to mean someone who is going to inherit from your estate after you pass away. While these terms essentially mean that, it’s important to know the distinction as you plan your estate. Making the...
4 tips for making your executor’s job easier
An executor's duties can be complicated. It can be challenging to ensure all beneficiaries and interested parties are adequately informed, find necessary documents, manage properties, pay debts and distribute an estate. You can make their work more manageable. Here...
Can you turn down the role of being an executor of a will?
An executor’s job is no easy feat. In Georgia, anyone at least 18 and of sound mind can assume the role. However, these qualifications do not entirely capture what it takes to fulfill expected duties. If someone chooses you to be their executor, it can weigh a great...
Why estate planning matters for young adults
Even if you are just starting out in life, you likely have some assets – a car, a savings account or personal belongings. Estate planning ensures that these assets go to the right people if something unexpected happens to you. It is a way to take control of your...
What does an executor actually do?
When creating your estate plan, you will have to name an executor. This is a crucial duty and one of the most important decisions you will make regarding this plan. But what exactly do executors do? What sort of responsibilities will they hold? An executor's duties to...
What does intestate mean?
When a person dies without creating a will, the state calls that dying intestate. It is essential to understand what this means for you specifically. Not having a will has many consequences and will greatly impact the administration of your estate. Who handles the...
Estate planning when you have land inheritance
A shockingly low number (30%) of individuals in the US have any form of estate plan. These individuals may think they have more time or they do not have the money or assets necessary to build a plan. However, if you have any form of land or property, e.g., you own...