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Georgia Estate Planning, Elder Law and Probate Blog

News and Thoughts on Issues in Georgia Regarding Wills, Living Trusts, Guardianship, Advance Directives, Living Wills, Healthcare Powers of Attorney, Probate, Estate Planning, Elder Law and More by Marietta and Atlanta, Georgia, Estate Planning Lawyer Steve Worrall

Successor Trustee Compensation

Posted by Steve Worrall | Sep 09, 2021 | 0 Comments

Asking someone to serve as your fiduciary (trustee of your trust or personal representative or executor under your last will and testament) is not something that you should take lightly. Serving as a fiduciary is a heavy responsibility that requires significant time and effort. If you plan to n...

Can a Beneficiary Also Be a Trustee of a Trust?

Posted by Steve Worrall | Sep 04, 2021 | 0 Comments

Clients often naturally choose their children to be beneficiaries of their revocable living trusts. Many clients also wish to name one or more of their children as the trustee of that trust, but are not sure if that is allowed by the law. The short answer is yes, a beneficiary can also be a t...

How Can Remarriage Affect Your Estate Planning?

Posted by Steve Worrall | Sep 04, 2021 | 0 Comments

Divorce is more common now than it was in the past, as is remarriage. Depending on how long a prior marriage lasted, the former couple may have engaged in certain levels of estate planning together. When that is the case, it is important to understand how a subsequent marriage can impact the ...

Four Common Myths about Estate Planning

Posted by Steve Worrall | Aug 24, 2021 | 0 Comments

1) Myth: My spouse can make all of my healthcare and financial decisions because he/she is my spouse. Reality: This is not always the case. To make sure your spouse can indeed make important medical decisions on your behalf, you should sign a durable power of attorney and a medical advance d...

Wills, Trusts & Dying Intestate: How They Differ

Posted by Steve Worrall | Aug 24, 2021 | 0 Comments

Most people understand that having some sort of an estate plan is a good thing. However, many of us don't take the steps to have an estate plan prepared because we don't understand the nuances between wills and trusts – and dying without either. Here's what will generally happen if you die, in...

How to Choose a Guardian for Yourself

Posted by Steve Worrall | Aug 22, 2021 | 0 Comments

Every day we make hundreds of decisions from what to eat for breakfast to where we go on vacation.  With each passing day, there are more choices to be made.  But, what will happen if you can't make decisions for yourself?  Before that time comes, there is one important decision you need to m...

What to Know If Your Deceased Loved One Owned Firearms

Posted by Steve Worrall | Aug 17, 2021 | 0 Comments

According to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), from 1986 through 2018, tens of millions of firearms were both manufactured in and imported into the United States.[1] Where are those guns today? They are most likely filling gun safes, closets, nightstands, and desk...

What Happens to Your Business When You Die

Posted by Steve Worrall | Aug 17, 2021 | 0 Comments

You spend a significant part of your life building your business, and it becomes a major part of your legacy. But when you die, everything you have built could fall apart if you have not taken the time to create a business succession plan. Without a plan in place, your business's fate may be de...

Medicaid Asset Protection Trust (MAPT) Overview

Posted by Steve Worrall | Aug 03, 2021 | 0 Comments

For an explanation of what Medicaid Asset Protections Trusts (MAPTs) are and how we use them to help our clients plan proactively to protect those assets from the Medicaid Five Year Lookback, please see our blog post: What Is A “Medicaid Asset Protection Trust”? Here is a diagram explaining visu...

Will vs. Trust: Which is Right for You?

Posted by Steve Worrall | Jul 23, 2021 | 0 Comments

When you sit down to create your estate plan, there are likely dozens of questions running through your mind. Who should get possession of your home? Who should run the family business? Will you create a college fund for your grandkids? What charity should you donate to? The options can be di...

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