Georgia residents might wonder what they need to do to ensure that their loved ones can make decisions on their behalf in case they are incapacitated. In many cases, appointing a family member as agent under a power of attorney can accomplish this goal.
Why healthcare directives should be included in every estate plan
While no one ever wants to ever think about the possibility of being diagnosed with a terminal illness or incapacitated following a serious accident, the fact remains that these things can-and-happen with alarming regularity.
Creating a qualified personal residence trust
Georgia residents who are making an estate plan may wonder if they can place their home in a qualified personal residence trust. This kind of trust allows a person to transfer their home into a trust and remain a resident on the property. Usually, parents use it to transfer a home to their children. A QPRT may help save on estate taxes.
What is a Special Needs Trust?
Any parent, guardian or caregiver of a person with special needs has at one time or another wondered, “What will happen when I’m gone?” Whether your loved one is a child with autism or an adult with a traumatic brain injury, the uncertainty of what happens to them in your absence can be daunting. It’s a difficult reality to face and, unfortunately, the financial aspects may be even more complicated than you think.
What are my options for long-term care?
Whether you are decades away from retiring or you're in the midst of it, you are wise to begin thinking about your options for long-term care plans. But by taking those steps to prepare for your future, you're actually in the minority.
