Scams targeting the elderly are on the rise. A 2016 study found that nearly 1 in 5 US Adults over 65 had been victims of financial abuse. Get helpful information to use to talk with your parents to make sure that they don't fall prey.
During the estate planning process, some people ask if they need to treat their children the same in their will. The answer: No, you don't, and sometimes you should not. In fact, there can be very good reasons for not treating your children the same in your will, as Joel Beck discusses in today's short video.
Parents should know that if their Will is not done right, the birth or adoption of a subsequent child could invalidate their Will. So, it's important to ensure that they periodically review their estate planning documents when significant changes occur. Doing so may help avoid a 10+ year battle over an estate, decided by a recent Georgia Supreme Court ruling.
Financial advisors, insurance agents and CPAs are invited to join us on Wednesday, October 11, 2017 at 4PM Eastern for an update on estate planning in Georgia. Learn the foundational tools used for most clients in Georgia, and also get up to speed on changes in the law in 2017, including changes to Georgia's power of attorney act.
Once your divorce is final, it is time to update your Will, or create one if you don't have a Will in place already. In doing so, it is important to consider these questions as your estate plan is made current.
Whether your divorce is easy or hard, there are almost certainly more legal issues to address during and after a divorce to ensure that your assets are protected, you’ve planned appropriately for yourself and for any children, and that you’ve got plans in place to protect yourself by ensuring the appropriate persons are empowered to make decisions for your healthcare and financial management in the event of your incapacity. In this blog post series, we'll address the main four issues people should act upon promptly.
If you are a small business owner, do you have plans in place to protect your business in the event of your incapacitation or your unexpected death? If not, why not? Planning for business owners is critical to protect the business, and the owner.
Sometimes, a person will tell us that they want to make a child a co-owner of their assets to make distribution of their assets easier, to ensure their wishes are followed. Doing that presents many risks, and may result in very different outcomes that hoped for. We usually recommend against this as a way to conduct your estate planning as it is not a true plan.