Heir and beneficiary are terms that are often used interchangeably. Legally, they mean very different things. That distinction affects how assets pass and who ultimately receives them. What an heir is An heir is someone…
Trusts vs. LLCs: Which One Actually Protects Your Assets?
When people start thinking about asset protection, two tools come up quickly: trusts and LLCs. They serve different purposes. Choosing between them depends on what you are trying to protect and from what type of…
Revocable vs. Irrevocable Trusts: Control, Taxes, and What You’re Really Giving Up
If you’ve looked into estate planning, you’ve likely come across the terms revocable trust and irrevocable trust. They sound similar. The differences between them affect two things most clients care about: control and taxes. Understanding…
Can You Leave Your Home to One Child and Not the Other in Georgia?
A question that comes up often is whether you can leave your home to one child and not another. In Georgia, the answer is yes. You are generally free to leave your property to whomever…
What Happens to Your Business If You Die as a Co-Owner in Georgia?
One estate planning issue that is often overlooked is what happens to a business when one of the owners dies. This is especially important for closely held businesses, including partnerships, LLCs, and small corporations. If…
What Happens to Your Phone and Digital Accounts After Death in Georgia
One of the most overlooked parts of estate planning today involves something most people use every day: their phone and their digital accounts. For many people, their phone is the central hub of their financial…
Why Your Out-of-State Property Can Still Trigger Probate (Even With a Trust)
A revocable living trust is often used to help avoid probate. And in many cases, it does exactly that. But there is one situation that surprises a lot of people: owning property in another state.…
What Happens If You Forget to Transfer One Asset Into Your Trust
Even when a trust is properly created and most assets are transferred, it is common for one or two items to be overlooked. This might be a bank account, a piece of property, or an…
What People Think Estate Planning Is Versus What It Actually Is
Estate planning is often thought of in very simple terms. Many people assume it is about deciding who gets what after they pass away. While that is certainly part of it, it is only one…
What If Your Trustee Doesn’t Want to Serve
When creating a trust, one of the most important decisions is choosing a trustee. This is the person responsible for managing assets, following the terms of the trust, and carrying out your wishes. A common…