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May 2019 Archives

Benefiary decisions can have planning and tax consequences

It sometimes seems like a minor point to name the beneficiary when people in Georgia are setting up their individual retirement accounts. While individuals may not think it's important in the moment, failing to name a beneficiary or naming the wrong one is one of the biggest estate planning mistakes a person can make. The reason is that the family of the IRA owner can go through unnecessary stress or face unnecessary costs when there are beneficiary mistakes.

Property division involving stay-at-home parents

Divorcing couples in Georgia must make some important decisions regarding the division of marital property. While some states require an equal distribution of joint assets, most states only require that assets are divided fairly. When one partner stays home to take care of children and the other works, it may be harder to decide what this fair distribution would look like.

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