Trusts Archives

Money fights and strategies for avoiding them

As Georgia parents make plans about the distribution of their assets after they are gone, worries about money-related fights among their offspring could arise. After one's death, there is little that can be done to head off such issues, and even good intentions can leave an estate vulnerable to legal action if one or more children believe that they have been slighted. The best time to head off such trouble is during the owner's life, which may require knowledgeable insight from an estate planning professional.

The importance of will and trust reviews

A Georgia couple that has a bypass trust in place in order to minimize federal estate taxes may want to revisit their estate plan if there has not been a recent review. In some cases, this type of trust may be in place based on estate planning that took place during a time period that was known for high tax rates and low exemption levels. In the 1990s, only $675,000 per spouse was exempt from the extremely high federal estate tax rate of 50 percent.

The role of the settlor of a trust

Estate planning can be confusing for Georgia residents, and the process is filled with terms that are unfamiliar to many people. One of the most common terms involving trusts is settlor, which is often confused with settler but has an entirely different meaning.

How life insurance can present estate planning complications

There comes a time in many people's lives when they decide it's time to start taking things like their career, finances and even long-term planning a bit more seriously. For many people this happens after marriage, the birth of a child or even the death of a loved one.

Understanding the truth about trusts

There is no question that estate planning is typically not an easy topic for most people to consider. This is largely because most people are either uncomfortable with the notion of addressing their own mortality, or feel that such measures are unnecessary given what they view as their limited assets and relatively good health.

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