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How To Administer an Estate Containing Firearms
This very small 6 inch Derringer was used by John Wilkes Booth in the shooting of President Abraham Lincoln, arguably the most valuable gun in the world. If you enjoy gun collecting and have some firearms that are heirlooms or investment pieces, you may want to pass...
Will 2021 See Changes to the Federal Estate Tax?
President Joe Biden recently proposed a plan for higher taxes to help fund his $1.8 trillion American Families Plan. The President is asking Congress for higher taxes on inherited property and to eliminate certain tax loopholes. If approved, these new federal tax...
Which Estate Planning Documents Have To Be Notarized?
When you’re drafting or updating important estate paperwork, you want to make sure that your documents will be upheld in court. One way to accomplish this is to have them notarized. Some estate documents require notarization at the time of signing, while others do...
Cryptocurrency: Making Headlines
Cryptocurrency has become a hot topic of conversation, with news stories flooding the airwaves and filling up our social media feeds. You may have seen Elon Musk joking about cryptocurrency on SNL, caught a cryptocurrency segment on the late-night talk shows, or maybe...
Helping Families Like Fred & Wilma: An Introduction to Medicaid
Fred and his wife, Wilma, retired after years of working hard both in the rock quarry and at home, raising a family and being actively involved in their Church and community. Fred and Wilma had their retirement funds, their home and their savings. Fred and Wilma were...
2021 Summer Camp Season in Atlanta
With the weather warming up and the school year winding down, parents are starting to scope out some fun activities for their kids this summer. Camp season might look a little different this year because of the extra health precautions in place, but everyone is still...
Trusts and Taxes: Who Is Responsible?
With tax season upon us, you may be wondering about trusts and taxes. Who is accountable for the funds in a trust, and does a trust beneficiary have to pay taxes on what they inherit? Do Trusts Have to Pay Taxes? As a general rule, most trusts will have to pay taxes...
Do I Need to File a Tax Return on Behalf of the Deceased and the Estate?
Of all the responsibilities an estate executor or administrator has, filing taxes on behalf of the deceased can be one of the most important – and also, one of the most confusing. We’re looking at whether a personal representative must file income taxes for an...
What Happens If Your Will is Accidentally Damaged or Destroyed?
As much as we try to keep our important papers protected and organized – accidents happen. You may lose your Last Will and Testament in a fire or a flood. The paperwork might fly out of an open car window or unlocked trunk. Someone may accidentally shred your...
Trusts vs. Silent Trusts
The Benefits of a Trust in General One of the more appealing aspects of trusts, in general, is their privacy. Unlike other estate documents, trusts do not have to be filed with the local court. Someone cannot look up the details of a trust online or in court...
I’ve Been Appointed Estate Executor… Now What?
You may have recently found out that a family member or a close friend wants you to be their estate executor. Or, maybe a loved one has passed away, and you discovered that they named you estate executor in their will. What do you do? Should you accept the role? An...
Millennials and Estate Planning: How 2020 Influenced Decisions
Millennials, the generation born between the early 1980s to the mid-1990s, are known for their unique approach to lifestyles and milestones. A millennial is more likely to focus on education and their career, and wait on things like marriage and starting a family....