In these unique and ever-changing times, the attorneys and staff at Miles Hansford & Tallant are available and committed to meeting all of your needs.


For more information, click here.

Estate administration and the new tax laws

The new tax law has a lot of people in Georgia and elsewhere shaking their heads. Not necessarily because they disagree with it, but just in trying to understand it. It will change a lot of things for a lot of people. For instance, it will affect how assets may be distributed during the estate administration process.

When a loved one dies, his or her estate needs to be administered. This is often done after going through the probate process, though, probate is not always necessary. It all depends on how the estate plan -- if there is one -- was written, how complex the estate is and if family members or others file any claims against the estate.

The new tax law may change how much beneficiaries have to pay in both estate and death taxes. Congress rid the federal tax for those estates with values between $5.6 million -- which was the previous limit -- and $11.2 million. So, the tax burden is one that will be felt by fewer people. However, these new limits may require some individuals to change their estate plans in order to limit the tax burden on their heirs.

The goal of any estate is generally to ensure beneficiaries are provided for, but a lot can be lost to taxes if one is not careful. The new tax laws may help with this. Those going through the estate administration process in Georgia may turn to legal counsel to help them get through it swiftly and smoothly, all while walking away with more in their pockets and paying less to Uncle Sam.

Source: Forbes, "5 Questions To Ask Your Estate Planner After The New Tax Law", David Robinson, Jan. 9, 2018

No Comments

Leave a comment
Comment Information

We Are Ready To Hear From You

Email Us For A Response

Let’s Find A Solution Together

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Cumming Office
202 Tribble Gap Road Suite 200
Cumming, GA 30040

Phone: 770-744-1111
Fax: 770-781-9191
Cumming Law Office Map

Alpharetta Office
178 S Main Street
Suite 310
Alpharetta, GA 30009

Alpharetta Law Office Map

"By Appointment Only"
Call Our 24/7 Criminal Defense line: 678-343-8075