After you die, your loved ones and the court will decide what to do with your pet — unless you make other arrangements. That is why many people include instructions for their pets in their estate plans. Most courts consider…
Georgia has no inheritance tax. As of July 1, 2014, Georgia does not have an estate tax, either. Nevertheless, you may have to pay the estate tax levied by the federal government. Also called a “death tax,” the estate tax is…
For many people, probate seems to be an unavoidable reality of estate planning. Probate court is a tool that allows the terms of a will (or other estate planning tool) to be met by distributing assets to beneficiaries and navigating other details. Although…
Estate planning is an essential aspect of financial planning that people often ignore or avoid. There are various misconceptions regarding estate planning that discourage people from planning their estate. This article aims to debunk some of the most common myths about…
As a business owner, you invest significant time and effort into building your enterprise. But have you considered what would happen to your business if something unexpected were to happen to you? It is crucial to have a comprehensive estate…
A common myth is that young adults do not need to draft a will. However, that couldn’t be further from the truth. You can (and should) draft a will as soon as you become a legal adult (i.e. turn 18…
When you die without a will in Georgia, the state considers it an intestate death. Specific laws govern the estate. Your loved ones have no say in how the court determines everybody’s shares. The intestacy laws follow a mandatory process during probate…
Most people write their first will when they get married or have a baby. You should, however, write your first will when you turn 18. Every adult should have a will, and they should update it when they are facing major life changes,…
The probate process can seem overwhelming, especially after losing a loved one. At Reed Leeper, P.C., we want you to know that it doesn’t have to be so complicated. We are here to walk you through the whole process, and we can…
Nearly everyone has heard the words “will” and “trust” in the context of estate planning. Most of us have a basic concept of what a will is. Probably few people, however, understand what a trust is and how it differs…
Estate planning is an important step of ensuring your family is cared for upon your death. While you may understand the importance of estate planning, you may be unsure of what your “estate” actually includes. The word “estate” may conjure ideas…
When a person dies, their will provides information about how their property will be distributed along with their other final wishes. However, a will may not only apply upon death. There is another document known as a “living will,” which…