+ Call Us: 404-256-0020  |   Expert Advice for a Georgia Resident's Assets, Wills, Businesses, and Estates

You Have Five Minutes. . .

On January 28, 1986, Dick Scobee, Michael Smith, Ronald McNair, Ellison Onizuka, Gregory Jarvis, Judith Resnik and Sharon Christa McAuliffe were killed when the Challenger shuttle mission failed. We know that part.

What’s not commonly known is how quickly – really how slowly – they died. According to news reports, after the initial explosion, the rockets were still working so the shuttle cabin continued to climb. Then it began its tragic, downward descent into the ocean.

The drop could have taken as long as five minutes. [Read more…]

A Short Story of Jack, The Beanstalk and Survivor IRAs.

Once upon a time, Jack discovered that when he and his wife Jackie were both gone, they could leave what was left of the Beanstalk1 to their child2 and grandchildren3 in an incredibly neat, tax-saving way.

They filled out the papers4 so a Beanstalk Trust would be created when they died. Then they lived happily ever after.

When they both died, there was no Fee Fi Fo Fum. The Big Bad Giant5 got no income taxes at all on the Beanstalk. [Read more…]

So You’re Going on a Trip…

As Dr. Seuss put it, “From there to here, and here to there, funny things are everywhere.” Or maybe not so funny. So here are a few legal things to consider before you head into the Wild Blue Yonder. [Read more…]

Marriage, Assets, and Chocolate Milk.

Hear ye, all marrieds, to-be-marrieds, those facing first marriages, subsequent marriages, adult children with remarried parents, et al.

Separating “marital assets” into “separate assets” can be like trying to undo chocolate milk. Pour chocolate syrup into milk to get chocolate milk; that’s easy. But afterward, try to separate them back to syrup and milk? Good luck.

The happy couple should never, ever change the names on assets (investments, real estate, etc.) naively, casually, or offhandedly. Thoughtfully, yes; deliberately, yes.  But casually, no.

Here’s the deal.  Sometimes marriages go sour.  When that happens, the law knows there’s (a) separate property and (b) marital property. (Obviously, we’re not talking about Wii consoles and Bundt pans.)

The difference: separate property stays with its owner. Separate property can be controlled when a marriage ends at death. Separate property can stay separate in a divorce. [Read more…]

Questions are welcome.
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