On behalf of J. Kevin Tharpe, P.C. | Aug 28, 2020 | Long-Term Care Planning
Looking at care options for your parents is rarely an easy task, but affording what they need can be even harder. Medicaid could offer help, but will they have to sacrifice everything to meet asset limits? A private room at a care facility in Gainesville can cost over...
On behalf of J. Kevin Tharpe, P.C. | Aug 26, 2020 | Trusts
There are lots of different tools at your disposal for protecting your assets, including revocable and irrevocable trusts. Both of these types of trusts are used to pass assets to beneficiaries outside of probate. However, they do so differently. In today’s blog post...
On behalf of J. Kevin Tharpe, P.C. | Aug 21, 2020 | Estate Planning
As you create or revise your estate plan, you will want to consider how your beneficiaries will receive their share of assets. This point is especially worth pondering if you have children, some of whom may be more responsible with money than others. If one or more of...
On behalf of J. Kevin Tharpe, P.C. | Aug 20, 2020 | Estate Planning
If you are remarrying and have children from a previous relationship or if you are entering into a marriage with a person who has children, it’s important to think about the impact your new family may have on your estate plan. No one wants to find out after you’re...
On behalf of J. Kevin Tharpe, P.C. | Aug 20, 2020 | Elder Law
You may have noticed the decline of an elderly parent and wondered if it may be time for you to assume responsibility for managing his or her affairs. There are several legal tools that allow you to do this, including guardianship and power of attorney. On the...
On behalf of J. Kevin Tharpe, P.C. | Aug 13, 2020 | Estate Planning
The number of people without an estate plan is a cause for concern. In 2020, almost 48% of adults ages 55 and older have yet to begin the planning process. If you are among these, the absence of a plan puts you at risk of intestacy, which will create headaches and...
On behalf of J. Kevin Tharpe, P.C. | Aug 12, 2020 | Estate Planning
As you create or revise your estate plan, you will want to keep in mind how much privacy your current arrangement gives you. Your estate may not contain any assets that would cause scrutiny in the public eye. But the world does not need to know its every detail. By...
On behalf of J. Kevin Tharpe, P.C. | Aug 11, 2020 | Estate Planning
Estate planning is so much more than simply drafting documents. Documents also have to be coordinated with asset titling. Asset titling simply refers to either the way you own your assets (like your real estate) or the way you choose to designate a beneficiary to...
On behalf of J. Kevin Tharpe, P.C. | Aug 11, 2020 | Estate Planning
You put in time and energy to create a proper estate plan for yourself and your loved ones in Georgia and elsewhere. Do you know when you may want to change or update your estate planning documents? Creating an estate plan is not a onetime task. Learn which...
On behalf of J. Kevin Tharpe, P.C. | Aug 5, 2020 | Estate Planning
Most of the time, it is wise to take all steps possible in order to avoid probate. Probate can be very expensive, public and time-consuming. However, not all strategies to avoid probate are wise. Many seniors consider putting a child’s name on their house deed...
