Procrastination often results when people in Georgia think about end-of-life planning. Concerns about how family members will react to final wishes about the distribution of an estate also encourage the temptation to delay writing wills or setting up trusts. A survey...
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Probate & Estate Planning
Why estate plans need to be updated
On Behalf of Coleman, Chambers & Rogers, LLP | Feb 5, 2019 | Probate & Estate Planning
In the modern world, more and more assets are becoming digitized. From photo albums and record collections to stocks and cryptocurrencies, estate plans need to account for the digital sphere if they are going to meet the goals of families in Georgia. Managing digital...
Estate and financial planning
On Behalf of Coleman, Chambers & Rogers, LLP | Jan 7, 2019 | Probate & Estate Planning
Some Georgia residents may not realize that estate and financial planning go hand in hand. For example, many may believe that estate planning only makes sense if someone has financial assets to leave behind. These individuals may opt to engage in personal financial...
6 reasons to update your estate plan
On Behalf of Coleman, Chambers & Rogers, LLP | Dec 3, 2018 | Probate & Estate Planning
Making your estate plan was a terrific first step, but don't assume that's the only step you need to take. Those documents may not work forever. Depending on how life moves forward, you may need to update them. Below are six reasons to look over your estate plan and...
An executor should be chosen with care
On Behalf of Coleman, Chambers & Rogers, LLP | Nov 30, 2018 | Probate & Estate Planning
Georgia residents often delay the necessary process of creating a will. Either due to uncertainty regarding beneficiaries, general procrastination or an unwillingness to confront one's mortality, doing what should be done often remains undone. When estate owners...
Estate planning to reduce conflict
On Behalf of Coleman, Chambers & Rogers, LLP | Oct 1, 2018 | Probate & Estate Planning
Poor estate planning can often lead to unintended consequences for loved ones, including family conflicts. One of the first steps a Georgia estate owner can take in order to make this less likely is choosing the right executor. Some families descend into conflict...
Lessons to be learned from Aretha Franklin’s estate issues
On Behalf of Coleman, Chambers & Rogers, LLP | Sep 5, 2018 | Probate & Estate Planning
Anyone in Georgia not aware of the many potential benefits of being proactive with estate planning can learn a lesson from the Queen of Soul. Soon after Aretha Franklin passed away after losing her battle with pancreatic cancer, it was reported that she left no will...
Upgrading from a will to estate planning
On Behalf of Coleman, Chambers & Rogers, LLP | Jul 10, 2018 | Probate & Estate Planning
Drafting and executing a will is only a small part of the estate planning process in Georgia. A will effectively serves the purpose of avoiding intestacy, which is the statutory process of disposing of estates that individuals leave behind without properly indicating...
Ignoring collectibles could create estate tax issues
On Behalf of Coleman, Chambers & Rogers, LLP | Jun 12, 2018 | Probate & Estate Planning
It is important for anyone in Georgia or throughout the country to engage in estate planning. However, it may be even more important to do so for those who own collectibles. This is because collectibles have a higher capital gains tax rate compared to other assets...
Why estate planning can be helpful for anyone
On Behalf of Coleman, Chambers & Rogers, LLP | Jun 1, 2018 | Probate & Estate Planning
Estate planning is defined as managing assets during a person's life and after passing while minimizing taxes. Georgia residents who are planning to leave behind any assets at all for future generations can benefit from an estate plan. Ideally, an individual will have...
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