The largest obstacle to effective estate planning is procrastination. Sitting down to prepare a Last Will and Testament is not at the top of anyone’s “this is a fun thing to do” list. Yet death, like taxes is a certainty.
Many people don’t realize the importance of building and maintaining a good credit score to their overall financial well-being. Before you make any buying decisions involving credit, think about your overall financial situation and the long-term impact of living “outside your means.” The cost of bad credit may be more than you realize.
If the distribution of your property is important to you, you can use a will or a trust to give instructions about who gets what when you die. If you die without a properly executed estate plan, state law will determine how the probate court will divide and distribute the things you own. Of course, the state of Georgia’s estate plan won’t take your particular wishes into account. So, most people prefer to put their own plan into place.
Are you holding one or more 401(k) plan accounts from former employers? You have several options:
Having practiced law in Gwinnett County Georgia for over 40 years, that journey has taken many directions. I began practice as a real estate closing attorney when Gwinnett County was tied with Orange County CA as the fastest-growing county in the country. I was also an appointed counsel for criminal defense cases in Gwinnett Superior Court for a number of years.
It’s that time of year again. Yes, it is New Year’s resolution time. Was making a will one of your unfulfilled resolutions from past years? Is it on your “to-do” list for 2018?
Unlike a simple monetary inheritance, when someone dies and leaves an IRA (Individual Retirement Account) to a beneficiary, there are several distribution options and important deadlines that must be met to avoid problems with the distribution and to avoid potential tax penalties.
Buying your first home can be intimidating. Not only is it one of the biggest financial commitments of your life, navigating the process can be confusing. Are you in the military or a veteran? If so, you’re entitled to VA loan benefits that can help make buying your first home much more manageable.
How does one make sure their last wishes for healthcare, including life support, are honored? Georgia has a type of format called an Advance Directive that replaces the old Living Will and the Healthcare Power of Attorney.
107 W Crogan St, Lawrenceville Ga 30046 | (770) 963-3699
