Blog
March 14, 2023
Probate is a legal process that occurs after someone passes away. It involves the court overseeing the distribution of the deceased's assets and paying off any outstanding debts. This can be a lengthy and costly process, often taking months or even years to complete. Fortunately, there are steps you can take to avoid probate altogether. In this article, we'll explore some of the most effective ways to do so.
Read MoreMarch 7, 2023
In the state of Georgia, when a loved one passes away, their estate must typically go through a legal process called probate. This involves the court overseeing the distribution of assets and payment of debts. However, under certain circumstances, it may be possible to petition for no administration necessary.
Read MoreFeb. 28, 2023
Congress established the Medicaid Money Follows the Person (MFP) Program to provide states with federal funding to help seniors who are receiving care in institutions but want to live at home. However, it is not a permanent program and is due to expire in September 2027. Advocates have pushed for Congress to make MFP permanent, ensuring that states have funding for seniors who wish to return home from long-term care facilities.
Read MoreFeb. 21, 2023
Probate is the legal process of administering the estate of a deceased person, including collecting and distributing assets to beneficiaries and paying any taxes or debts that may be due. In other words, it is the process of wrapping up a person's affairs after they have passed away.
Read MoreFeb. 14, 2023
Have you been putting off creating an estate plan because you dread the hassle of paperwork or think it's not important? Unfortunately, failing to create a plan puts your estate at risk of being handled in ways that are unexpected and potentially unfavorable. It's essential to understand what happens to your estate when you don't have a plan.
Read MoreFeb. 7, 2023
Emotions can run high at the death of a family member. If a family member is unhappy with the amount they received (or didn't receive) under a will, he or she may contest the will. Will contests can drag out for years, keeping all the heirs from getting what they are entitled to. It may be impossible to prevent relatives from fighting over your will entirely, but there are steps you can take to try to minimize squabbles and ensure your intentions are carried out.
Read MoreJan. 31, 2023
A Medicaid Asset Protection Trust (MAPT) is one option a person may consider to protect their assets from Medicaid and nursing homes or long-term care.
Read MoreJan. 24, 2023
Writing a Will is an important step in securing your family’s future, but it can be daunting. It’s important to understand that you have options when it comes to changing or revoking a Will. You have the option of simply writing a codicil – a legal document that amends an existing Will – to make changes, alternatively, you could revoke your current Will and write a new one.
Read MoreJan. 16, 2023
What is a pour over will? A pour over will is an estate planning tool that can be used to ensure that assets that were not connected to yor trust duuring your lifetime are “poured over” into the trust after you pass away. This type of testamentary document can help protect your estate and make sure that your heirs receive the inheritance they are entitled to.
Read MoreJan. 10, 2023
Writing a valid will is an important part of ensuring that your wishes and desires are carried out after your death. In Georgia, there are specific regulations and requirements when it comes to creating a legal document that is accepted by the court as a valid will. Preparing such a document can be daunting, but with proper research, guidance, and consideration of all relevant factors, you can create a legally-binding testament to your estate.
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