Estate Planning Essentials: January 2020
Chambliss Estate Planning Essentials brings you legal developments and other trends of vital interest in the world of estate planning. This post is brought to you by the Estate Planning Group of Chambliss Law Firm.
In Case You Missed Them
Top 4 Reads of 2019
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- Estate Planning Essentials: Helpful Tips for Year End Planning
- The Most Important Estate Planning Documents
- Special Ownership for Married Couples: Tenancy by the Entirety
- Understanding How Assets Are Distributed in a Will
Understanding Revocable Trusts
Revocable trusts are an effective way to avoid probate and provide for asset management in the event of incapacity as well as achieve many other goals, including tax, long-term care, and asset-protection planning.
Do You Have the Right Fiduciary?
When creating an estate plan, an important decision is whom to name as your fiduciary, which is a fancy legal term for the person who will take care of your property if you are unable to do it yourself.
When Inheriting Real Estate, Consider Your Options
Inheriting real estate from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming, so it is good to carefully think through all of your choices.