It depends. It depends on your goals going into estate planning. The who, why and what. (Questions your attorney should be asking you before you plan…) In this instance: Who are you protecting? Your young kids. What are you protecting? Monies you want your children to use for education (college, graduate school, etc.) A trust protects the money you…
Recently we shared an article which discussed three types of special needs trusts; third-party special needs trusts, first-party special needs trusts and pooled trusts. We also shared that we generally think of any trust, special needs or otherwise, as boxes to safe keep things, money or property for the benefit of another. A third-party special needs…
“What Happens If I Am In the Middle of a Divorce and My Spouse Dies?” Short answer: Divorce proceeding ends because the marriage ended at the death of the person. Long answer: There still needs to be decisions about the money, things, property, and children. Now all these decisions are made in probate…
As you know, having guardianship papers and an estate plan set up is an important step in adulthood. But you may not realize that just as important is being familiar with your guardianship papers and estate plan. Let’s take a look at each form you might have. Living Will A living will is also…
Having estate planning forms filled out and set up is a very important step as an adult. Most people, however, do not think about having an estate plan until they are close to retirement age or older. Many people do not want to think about the possibility of not being around to take care of…
If you are married, you may assume you will get everything if your spouse passes away. Here in Georgia, if your spouse doesn’t have a Will that may not actually be true. Why? Because your spouse died intestate. (a.k.a. without a Will). There are special rules that apply when someone dies without a will. These…
Do you have a young adult in your life? Is your teenager already looking at schools to head off to, or maybe they already have their bags packed…Yikes! But there is likely something you have not thought about, something every adult should have as they head into this world on their own. Actually, it is…
Did your estate planning attorney ask you these three things before they signed you up? Why? Who? What? If not, your estate plan may not be the right plan for your kids. For your family. Wills and trusts work for you when you die or are critically injured/ill and cannot manage your own decisions. It’s too late to…