Close Menu

Category Archives: Estate Planning

Bill Aimed at Simplifying Process of Amending Irrevocable Trusts Tabled Until Next Year

By MendenFreiman LLP |

A series of laws were introduced in the Georgia assembly this year that, if passed, could have a substantial impact on the process of amending Georgia irrevocable trusts.  One of these bills, House Bill 121, was tabled for 2017; but it will be reintroduced in the House in 2018, the second year of a… Read More »

Facebook Twitter LinkedIn Google Plus

Establishing a Charitable Remainder Trust

By MendenFreiman LLP |

There are many considerations for testators when deciding how to distribute their assets at death.  Once a testator decides who is to inherit their assets, the next question is how to accomplish the bequests – whether through a will or the creation of a trust. Many testators, after leaving some of their property to… Read More »

Facebook Twitter LinkedIn Google Plus

Creating a Last Will and Testament

By MendenFreiman LLP |

Contemplating one’s death can be uncomfortable, but it is crucial to have the conversation and create an estate plan to ensure loved ones are provided for in the event of an accident or untimely death. Those who fail to create a will or establish a living trust no longer get to choose who inherits… Read More »

Facebook Twitter LinkedIn Google Plus

How to Manage a Windfall

By MendenFreiman LLP |

Coming into a large sum of money (whether from an inheritance, a gift or a legal settlement) is a good thing, but it can also have its down sides. A study of Florida lottery winners found that more than five percent of winners declared bankruptcy within five years. Managing a windfall responsibly — with… Read More »

Facebook Twitter LinkedIn Google Plus

The Importance of Reviewing (and Updating) Your Estate Plan

By MendenFreiman LLP |

You have an estate plan; you probably even remember creating it. Making the decisions and pulling together the documents was probably time consuming and tedious. The initial process of creating an estate plan can be so painful and involved that people may avoid reviewing it again for years. Life events such as marriage, separation,… Read More »

Facebook Twitter LinkedIn Google Plus

GA Has a New UPOAA Effective July 1, 2017

By MendenFreiman LLP |

Georgia has adopted a new Power of Attorney Act that goes into effect on July 1, 2017. The new Uniform Power of Attorney Act (UPOAA) replaces Georgia’s prior statutory Power of Attorney form and makes other significant changes to the law. Powers of Attorney executed prior to July 1, 2017 will remain valid; however,… Read More »

Facebook Twitter LinkedIn Google Plus

Going on Vacation? Do Not Leave Home Without Estate Planning.

By MendenFreiman LLP |

School is out for the summer and many families are packing for a trip to the beach or heading to the airport for a long-awaited vacation. This extra time with our families reminds us of what is really important in life and it should also prompt us to take measures to provide for them… Read More »

Facebook Twitter LinkedIn Google Plus

Potential Changes to Federal Tax Laws Should Not Stall Your Planning

By MendenFreiman LLP |

MendenFreiman was an Executive Sponsor at the 11th Annual Balser Symposium which took place on Friday, January 27, 2017, at the Georgia Tech Learning Center. Historically, the Balser Symposium for professional advisors focuses on the technical and sophisticated ways that clients can integrate philanthropy into their financial planning. Per tradition, Erev Balser, a small,… Read More »

Facebook Twitter LinkedIn Google Plus

Estate Planning Awareness Week: Take Stock & Trade Stock (At a Discount)

By MendenFreiman LLP |

Here we are again: October 17-21, 2016 is National Estate Planning Awareness Week. As always, we like to take this opportunity to encourage folks to review their estate plans, because one simply never knows when an up-to-date plan will be needed. This year, however, that admonition carries extra urgency for clients with larger, taxable… Read More »

Facebook Twitter LinkedIn Google Plus

Window of Opportunity May Soon Be Closing for Discount-Based Estate and Gift Tax Planning Techniques

By MendenFreiman LLP |

For several years, the IRS and the Obama Administration have let it be known that they were seeking ways to limit the use of valuation discounts for closely held business interests, including interests in family investment partnerships and limited liability companies, to reduce exposure to federal gift and estate taxes for transfers of such… Read More »

Facebook Twitter LinkedIn Google Plus
MileMark Media - Practice Growth Solutions

© 2017 MendenFreiman. All rights reserved.
This law firm website is managed by MileMark Media.