Blog

April 4, 2023

Trust administration refers to the process of managing a trust after the death of its creator, also known as a trustor. A trust is a legal entity created by a trustor to hold and manage assets for designated beneficiaries. When a trustor passes away, the trust becomes irrevocable, and its assets are distributed according to the trust agreement. The trustee – the person or entity responsible for managing the trust – steps in to carry out the trustor's wishes.

March 27, 2023

When it comes to filing your 2022 federal tax return for the 2023 tax season, you may be able to access several forms of assistance for free.

March 20, 2023

Probate is the legal process of settling a deceased person's estate, which involves identifying and distributing assets, paying debts and taxes, and transferring property titles. While probate is designed to be a straightforward process, disputes may arise between beneficiaries or other interested parties. When these disputes cannot be resolved through negotiation or mediation, probate litigation may become necessary.

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.

March 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.

Feb. 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.

Feb. 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.

Feb. 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.

Feb. 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.

Jan. 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.