Estate planning is an important part of your overall financial plan. It can help you protect your assets, ensure that your wishes are followed, and offer you peace of mind.
An estate planning attorney can assist you with all aspects of your estate plan, including preparing your will, trusts, powers of attorney and more. They can also guide you through the probate process, guardianships and conservatorships.
Peace of Mind
One of the most important things to do for peace of mind is to have a solid estate plan. This is the best way to ensure that your assets are distributed according to your wishes.
It also helps you avoid the complexities of the probate process. An estate planning attorney can help you with everything from establishing an advance healthcare directive and financial power of attorney to setting up trusts that ensure your assets are protected and distributed according to your preferences.
A good Estate Planning Attorney Atlanta will offer a free or low-cost consultation to make sure that you and the attorney are a good fit. This is a great opportunity to learn more about the services they offer and find out if you like their style of communication.
Peace of mind is a common goal for most people, but it can be difficult to achieve. There are several ways to attain this state of mind, including reading, meditation, yoga, and more.
Tax Savings
Estate planning attorneys can save you money on taxes, as well as on other costs associated with estate administration and probate. Whether you’re in business or have an established personal property, tax law is one of the most important aspects of your overall legal and financial plan.
A comprehensive approach to estate planning can include the use of irrevocable living trusts, charitable gifting strategies, generation skipping transfer tax reduction techniques and more. Your Atlanta estate planning attorney can work with you to determine the best strategy for your individual situation.
Our experienced team can also help you maximize the benefits of IRAs and other financial accounts that allow tax free investment and growth. These plans can be especially helpful for small business owners or those who don’t earn a lot of income, as these accounts can be used to supplement retirement income.
Our Atlanta firm focuses on wealth preservation and transfer strategies for high net worth families. This includes sophisticated income and wealth transfer tax planning for businesses, family limited partnerships and corporations as well as a wide range of charitable gifting and planning strategies to reduce federal estate, inheritance and generation skipping transfer taxes.
Asset Protection
Asset protection strategies are a crucial part of the estate planning process. They are designed to ensure that your accumulated wealth is protected from creditors, the IRS and other legal issues.
An Atlanta asset protection lawyer can help you implement safeguards to reduce the tax burden that can eat up your savings and assets. He or she will also help you establish trusts that will provide robust legal protection.
A family limited partnership (FLP) is another popular asset protection tool that can protect your assets from creditor claims. However, it is essential to create the FLP properly so that you can take full advantage of its liability-protection features.
Our estate planning attorneys have years of experience in developing and implementing asset protection strategies for our clients. We are ready to review all of your options with you. From trusts to other tools, we will find the best approach to help you achieve your asset protection goals.
Family Reunification
Family reunification is the process of returning children to their parents or legal guardians who were removed from their homes due to abuse and/or neglect. Families are reunited through a variety of methods, including intensive family-centered intervention services.
Reunification is a priority for the United States government and many child welfare systems. The Biden-Harris Administration has formed an interagency Task Force to implement comprehensive strategies to ensure the safe reunification of families.
State laws require a family reunification case plan for every child and parent who receives services. The case plan describes the child’s needs and the goals of reunification.
Time limits on family reunification are set by the court, for example, for a child under three years of age, services may only last six months. For reunification to continue beyond six months, the child’s parents must demonstrate that there is a substantial likelihood that they will reunify.
Harmon Caldwell is an Atlanta family lawyer who has helped hundreds of people navigate their estate, probate and trust matters. He is recognized as a Super Lawyers “Rising Star” in estate planning and has been named to Georgia’s “Legal Elite.”
