Georgia residents, no matter how much money they have, need to consider starting an estate plan as soon as possible if they do not already have one in place. Whatever the excuse for not having one, it pales in comparison to being caught without an estate plan at a...
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Probate & Estate Planning
Ways to protect children’s inheritances
On Behalf of Coleman, Chambers & Rogers, LLP | Feb 14, 2020 | Probate & Estate Planning
Georgia residents who are planning their estates and wish to leave sizable assets to their children should consider creating trusts with trust protectors in place. Trust protectors are appointed to direct the trustees in how the trust assets should be administered. By...
“Knives Out” gives look into estate planning
On Behalf of Coleman, Chambers & Rogers, LLP | Jan 17, 2020 | Probate & Estate Planning
Fans of the 2019 movie "Knives Out" in Georgia may be interested to know more about estate planning as it plays a major role in the film. Estate planning involves making a will or trust and determining what amount of inheritance those left behind will receive after...
What to do if you are a successor trustee
On Behalf of Coleman, Chambers & Rogers, LLP | Jan 16, 2020 | Probate & Estate Planning
Many people in Gainesville and Northeast Georgia are looking for the right way to deal with their property after they pass away. You may want to make sure that your loved ones are provided for while avoiding probate court and the fees and delays that may be included...
The pitfalls of ignoring the need for an estate plan
On Behalf of Coleman, Chambers & Rogers, LLP | Jan 2, 2020 | Probate & Estate Planning
Georgia families often hesitate to begin work on an estate plan. Either they are frightened by discussing the prospect of their own mortality or they are intimidated by not knowing where to start. However, by being methodical and looking to the future, they can tackle...
How an executor makes money
On Behalf of Coleman, Chambers & Rogers, LLP | Nov 25, 2019 | Probate & Estate Planning
In Georgia, several factors determine whether an executor gets paid and how much work they can do. An executor may serve without any compensation if the will does not mention anything about his payment. According to the probate laws of Georgia, if the will says...
Revocable trusts and contingent beneficiary rights
On Behalf of Coleman, Chambers & Rogers, LLP | Aug 20, 2019 | Probate & Estate Planning
Revocable trusts are often an important part of estate plans in Georgia because, among other advantages, they avoid the cost, publicity and delay of the probate process. During the life of the person who makes the trust, called the settlor, it allows for the estate to...
Tips for dealing with family conflict in estate planning
On Behalf of Coleman, Chambers & Rogers, LLP | Aug 7, 2019 | Probate & Estate Planning
People in Georgia should consider family dynamics carefully during the estate planning process. This includes thinking ahead as to what they would prefer to happen if a child divorces and remarries. For example, if this occurs, assets left to the child could end up...
About financial durable powers of attorney
On Behalf of Coleman, Chambers & Rogers, LLP | Jun 26, 2019 | Probate & Estate Planning
Georgia residents can use a power of attorney to give a trusted person or entity the authority to make financial decisions on their behalf should become unexpectedly incapacitated. If there is no power of attorney in place, their family will have to involve the...
Benefiary decisions can have planning and tax consequences
On Behalf of Coleman, Chambers & Rogers, LLP | May 13, 2019 | Probate & Estate Planning
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...
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