
The Complete Guide to Planning Your Estate in Georgia
Description
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What happens to your estate after you are gone is very much within your control. Estate planning is not only for the wealthy; it is for everyone. It is simply the process of deciding where your assets are to be distributed after you die. For those people who wish to preserve their assets for designated purposes - such as family or special charities - it becomes necessary to make special advance preparations.
The right plan can protect the value of your estate and spare your loved ones unnecessary hassles and legal conflicts. Adapted specifically for Georgia residents, The Complete Guide to Planning Your Estate in Georgia will help you glide through this complicated process. This book offers Georgia residents state-specific advice for estate planning. Coauthors Linda C. Ashar and Sandy Baker have crafted an estate planning primer, allowing Georgia residents to become more informed and more involved during the process.
Georgia-specific information is offered throughout this book, including: Georgia's probate code; Georgia rules, regulations, and laws specific to estate planning; elements of a valid Georgia will; planning your living will in Georgia; explanations of Georgia laws regarding durable health care power of attorneys, do not resuscitate (DNR) orders, and directives to withhold CPR. The book's easy-to-understand context clarifies this complicated and sensitive subject and gives readers the power to take control of their future.
Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president's garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. The print version of this book is 336 pages and you receive exactly the same content. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.
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Content
- Intro
- Copyright
- Humane Society
- Georgia Facts
- Dedication
- Table of Contents
- Foreword
- Introduction
- Chapter 1
- Why Do All This Work?
- What is an Estate?
- Property Types
- Property Interest: Defined
- Who Will Help You Plan Your Estate?
- A Closer Look: The Attorney
- A Closer Look: The Financial Planner
- A Closer Look: The Accountant
- A Closer Look: The Insurance Agent
- Getting Started with Your Estate Planning
- Your Method for Success
- Are You Ready?
- Chapter 2
- What is Your Home Worth?
- What Other Property is Out There?
- Real Property beyond Real Estate
- Your Debts: Subtracting Debt from Property
- What Does the Future Hold in Worth?
- Factoring in Settlement Costs
- Chapter 3
- Your Will is a Backup
- Getting Your Will Started
- Developing a Will
- What Cannot be Included in a Will?
- Additional Will Contents and Concerns
- Monitoring Your Will Throughout Your Life
- Your Will's Status
- Chapter 4
- Abatement Statutes and Laws
- Antilapse Statutes
- Ademption Statutes
- Death and Divorce: Two Common Considerations
- Sometimes Laws Get in the Way No Matter What
- Chapter 5
- The Cost of Probate
- Avoid It if Possible
- Can Probate Be a Good Thing?
- Chapter 6
- When to Consider Substitutes
- Which Will Substitute Should You Consider?
- What is Joint Tenancy with Survivorship?
- What is a Living Trust?
- Joint Tenancy Bank Accounts
- Tenancy by the Entirety
- Payable-on-Death Accounts
- Other Will Substitutes
- Summing It Up
- Chapter 7
- How Trusts Work
- Trusts for Couples
- Creating the Trust
- Making Your Trust Valid
- Abstract of Trust
- Summing It Up
- Chapter 8
- Federal Estate Tax Exemptions
- State Estate Tax and Inheritance Tax
- Gift Tax
- GSTT - Generation Skipping Transfer Tax
- Estate Recovery Act
- How is Inherited Property Valued?
- Chapter 9
- Making Gifts during Your Life
- AB Trusts
- Is There Anything Else?
- Disclaiming Gifts
- Chapter 10
- Insurance Protection
- Types of Insurance Coverage
- Life Insurance and Taxes
- Summing It Up
- Chapter 11
- It Will Not Happen to Me
- Medical Decisions to Consider
- Final Arrangements
- Making Financial Decisions
- Chapter 12
- First, Invest
- Into Your Estate Plan
- Planning for Your Retirement Funds
- Chapter 13
- Children and Estates
- What Happens with Divorce?
- Chapter 14
- Step 1: Why Are You Planning?
- Step 2: What Do I Want to Cover?
- Step 3: Who Are Your Beneficiaries?
- Step 4: Caring for Your Children
- Step 5: Determine Where You Are Currently
- Step 6: Who Is Your Team?
- Step 7: Whom Should You Tell?
- Step 8: Did You Get Everything?
- Step 9: Revisit Your Estate Plan Yearly or More
- Step 10: Work to Accomplish Your Goals
- Conclusion
- Appendix A
- Living Will
- Designation of Health Care Surrogate
- Power of Attorney
- Considerations in Planning Your Estate
- Tentative Tax
- Appendix B
- Biography
- Care of Others
- My Employment
- My Business Ownership
- List of Service Providers
- Durable Power of Attorney of Finances
- Temporary Financial Powers of Attorney
- Disposition of Remains
- Obituary
- Real Estate
- Glossary of Terms
- Bibliography
- Author Biography
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