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Benefits of Putting Your Georgia Home in a Trust
Read More: Benefits of Putting Your Georgia Home in a TrustYour family home is usually the largest asset in your estate. The U.S. Census Bureau reports that the median value of owner-occupied homes in Georgia between 2019 and 2023 was $272,900. That figure shows why many families treat the home as both a financial investment…
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Do Irrevocable Trusts Avoid Probate?
Read More: Do Irrevocable Trusts Avoid Probate?In Georgia, probate is a court-supervised process that settles a deceased person’s estate by gathering assets, paying debts and taxes, and distributing the remaining property to heirs or beneficiaries. In this respect, it can give family members a clear way forward during a time of…
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Estate Taxes in Georgia – What They Are and How to Avoid Them
Read More: Estate Taxes in Georgia – What They Are and How to Avoid ThemEstate planning is an important part of building financial security and managing your financial legacy. A customized estate plan is a great tool for making the most of your present as well as planning for the future. A comprehensive estate plan can help you think…
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Are Wills Public Record?
Read More: Are Wills Public Record?Wills are essential documents in estate planning, outlining how a person’s assets should be distributed after their passing. However, many individuals are unsure whether wills become public records and what that means for their privacy. In Georgia, the public accessibility of wills depends on whether…
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Does a New Will Override an Old Will?
Read More: Does a New Will Override an Old Will?A will serves as a critical document that outlines how an individual’s assets and wishes are to be handled after their passing. However, life circumstances often change, necessitating updates to an existing will. When a new will is created, it raises an important question: does…
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What is a Transfer on Death Deed in Georgia?
Read More: What is a Transfer on Death Deed in Georgia?A Transfer on Death (TOD) deed is an increasingly popular tool in estate planning that simplifies the transfer of real estate to a designated beneficiary upon the owner’s passing. This type of deed allows property owners to retain full control over their property during their…
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What is a Quitclaim Deed in Georgia?
Read More: What is a Quitclaim Deed in Georgia?A quitclaim deed in Georgia is a legal document that facilitates the transfer of property ownership without any assurances regarding the title’s condition. This type of deed simply transfers any interest the grantor holds—whether complete ownership or partial interest—to the grantee. Often used among family…
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Heirs vs. Beneficiary in Georgia
Read More: Heirs vs. Beneficiary in GeorgiaEstate planning is a crucial aspect of managing your financial affairs and ensuring that your assets are distributed according to your wishes upon your passing. Two key terms that often arise when discussing estate planning are “heirs” and “beneficiaries.” Although these terms may sometimes be…
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What is a Qualified Income Trust in Georgia?
Read More: What is a Qualified Income Trust in Georgia?Managing the financial requirements for Medicaid eligibility can be daunting, especially when your income exceeds the set limits. In Georgia, a Qualified Income Trust (QIT) offers a viable solution for individuals who need Medicaid to cover the high costs of nursing home care but find…
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How Much Money Can Be Put in a Special Needs Trust in Georgia?
Read More: How Much Money Can Be Put in a Special Needs Trust in Georgia?When planning for the future of a family member with special needs, setting up a Special Needs Trust (SNT) is a crucial step. These trusts are designed to provide financial support without compromising the beneficiary’s access to government benefits. It’s common to question whether there…
