Coleman Legal Group, LLC
From a simple will to a complex high asset trust, Coleman Legal Group, LLC provides our clients with competent estate planning and succession services, ensuring our clients’ wishes, protection of assets, succession of business, and ensuring the preservation of property and assets for the family. Our firm provides a range of quality legal services that help our attorneys protect the assets of the clients. The hallmark to our estate planning practice is our work in the creation of simple wills, power of attorneys, Advanced Healthcare Directives, Trust formation, and business planning and succession.
Do I need Estate Planning?
A common question you may face, is do you need an Estate Plan? If you care about your family and want to control the distribution of your property and assets to ensure that your wishes are carried out with minimal conflict, then you need an estate plan. Many believe that estate planning is only needed for the wealthy, but any estate needs a comprehensive estate plan to ensure that the person’s property is distributed to that person’s desires.
Under Georgia law everyone has a default estate plan, which determines the distribution of your assets. If a person passes away without an estate plan the person’s estate is distributed according to Georgia laws, which may lead to hardship for their loved ones as the distribution of assets and the effect of taxes may be contrary to that person’s desires.
A comprehensive estate plan will allow you to distribute your property to your loved ones as you desire, appoint appropriate guardians for your children if needed, reduce the impact of taxes on the estate, and avoid unwanted conflict.
What makes up my Estate Plan?
Many documents can make up a person’s estate plan and the appropriate documents depend on the size of the person’s estate and desires of the person. A few of the documents that will likely be prepared for your estate plan may include: a simple will, power of attorney, advanced healthcare directive, and a trust. In addition, a person may have concerns regarding beneficiary designations of insurance policies and retirement accounts that need to be addressed by the attorney.
When You Should Review Your Estate Plan
Often times, individuals assume that once they have finished their estate plan, it need not be revised. Unfortunately, changes in tax laws, family and financial circumstances may lead to hundreds of thousands of dollars of unnecessary taxes or a distorted planned distribution of assets. Thus, your estate plan should be reviewed periodically in order to see whether changes are necessary. Here are some factors that may warrant a review of and/or change in your estate plan:
Changes in family life:
– Have you gotten divorced or remarried?
– Have you adopted or had more children?
– Have any of your designated beneficiaries died?
Changes in finances:
– Have you acquired new real estate or outside the state of Georgia?
– Have you received a recent inheritance?
Changes in circumstances:
– Have you named new beneficiaries?
– Have you named minor children or grandchildren as beneficiaries?
– Do you have a child with special needs?
– Has anyone you named as Executor, Trustee, Guardian or Agent become disabled, died, or is no longer a good choice?
Changes in the law:
– Have you moved? Changes in state could mean changes in the law.
– Are your estate planning documents more than five years old?
– Are your estate planning documents outdated?
– Have your state’s laws changed in a way that affects your documents?
Georgia Areas We Serve
Our Georgia divorce lawyers handle cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Duluth, Johns Creek, Milton, Cumming, Marietta, Woodstock, Kennesaw, Gainesville, Midtown, Norcross, Lawrenceville, Buckhead, Dunwoody, Vinings, Smyrna, Buford, Inman Park, Old Fourth Ward, Decatur, Grant Park, East Atlanta and the Virginia Highlands.
Our Georgia divorce attorneys frequently handle cases for clients residing in the following counties: Fulton, Gwinnett, Forsyth, Cobb, DeKalb, Henry, Cherokee, Douglas, Carroll, Coweta, Paulding, Bartow, Hall, Barrow, Walton, Newton, Rockdale, Henry, Spalding, Fayette and Clayton.
Coleman Legal Group, LLC’s attorneys practice in the areas of Divorce, Family Law, Immigration, Bankruptcy and Business Law. We have two convenient offices located at:
Alpharetta Georgia Office
5755 North Point Parkway
Alpharetta, GA 30022
Atlanta Georgia Office
659 Auburn Avenue Northeast
Atlanta, GA 30312
Copyright © 2014 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 52 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.