As our population ages, more and more adult children find themselves having to help a parent or other elderly relative deal with legal and financial matters. To legally authorize that help, the senior should have a valid Power of Attorney. The Georgia Power of...
The day before my husband’s funeral, two of his friends came and mowed the lawn. Two weeks after the funeral, the grass had grown and needed mowing again, but no one came to help. It was nice of them to help before the funeral, but it was in the months after the...
Because the income tax on an IRA is deferred, a beneficiary who inherits an IRA is required to either: withdraw all the funds within 5 years of inheriting and pay the income tax due on the entire account; or take annual required minimum distributions (“RMD”) and pay...
Many Georgia residents own real estate that is located in another state. The property might be a vacation home, rental real estate, a home that has been in the family for generations, or a future retirement home. Whatever the purpose might be for maintaining ownership...
When putting together your estate plan, you need to choose an Executor, the person responsible for administering your estate. Once you’ve decided on who that should be, there are things you can do to help your Executor out. Prepare a list of assets, including real...
Recent Comments