Probate & Estate Administration Archives

Common terms heard when going through probate

Closing out a loved one's estate can be a challenge. When probate is necessary, the whole process can be confusing, and one may hear terms with which he or she is not entirely familiar. This week's column will go over some common terms one will hear when going through probate in Georgia.

Georgia probate: Protecting your children

You and your spouse are young and still have small children at home. Your life is busy, and you don't want to think about what will happen to your children if you and your spouse were to die unexpectedly. The problem with not thinking about it is, instead of your kids going to someone you know and trust in the event such a tragedy does occur, they will likely end up in the state system for a while until everything can be sorted out in Georgia probate court. 

Glen Campbell estate may sit in probate for awhile

When a person dies, his or her loved ones may end up fighting over the estate. It happens all too often. When it does, if the deceased individual was a Georgia resident, the estate may sit in a Georgia probate court for an extended period of time while family members and their attorneys work to figure things out. A prime example of this is the current battle over the Glen Campbell estate.

Georgia probate and the personal representative

When a loved one dies, one person is generally assigned to handle the closing out of his or her estate. This personal representative may be named in the estate planning documents of the deceased, or a Georgia probate court judge may name someone to this position. No matter how a personal representative gets the job, he or she has a lot of responsibilities when it comes to ensuring that an estate is properly handled.

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.

How addiction can influence estate administration

Numerous Americans are addicted to opioids. In fact, nationwide, 142 individuals die every day due to overdosing on such drugs. Georgia residents who are preparing their estate plans may have concerns about how their loved ones' addictions could impact their abilities to successfully manage any inheritance given them during estate administration. Thankfully, there are steps that can be taken to protect assets.

3 reasons you should update your estate plan in the new year

The start of a new year means it is the perfect time to review your estate planning documents to ensure everything is in line with your current wishes. A lot can change in a year, so make sure you consider your desires regarding property and assets. 

Estate administration mismanaged in Max Hopper case

Every year, numerous Georgia residents have the unpleasant task of closing out the estates of loved ones. When there is no will or other estate planning documents in place, the court may assign a bank or other representative to manage the estate. What can beneficiaries do if they feel that the estate administration is being mismanaged? They can do what the heirs of Max Hopper did and file claims against the executor.

Trust, taxes and estate administration

Many Georgia residents, while setting up their estate plans, will create trusts in order to keep their assets protected in the event of their death or incapacitation. There are certainly benefits to doing so. It all really depends on what type of trust one creates, as it can affect how things are handled during estate administration, such as taxes.

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