Slowik Estate Planning Blog
Georgia Transfer on Death Designations: A New Estate Planning Tool
Introduction: Transfer-on-Death (TOD) in GeorgiaEstate planning involves a host of legal tools that allow individuals to dictate how their assets will pass at death. Although wills and trusts are...
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Charitable Remainder Unitrusts (CRUTs) and Retirement Accounts: A Smart Estate Planning Strategy for High-Net-Worth Individuals
Introduction Estate planning can be a daunting process for anyone, but it becomes especially complex for high-net-worth individuals with significant tax-advantaged retirement accounts. Recent...
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Revocable Living Trusts in Georgia: Your Comprehensive Guide to Protecting Wealth and Avoiding Probate
A revocable living trust, often referred to simply as an RLT, has become one of the most common and versatile instruments for those seeking to manage, preserve, and ultimately transfer wealth in a...
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Irrevocable Trusts: Why Even Rupert Murdoch Failed to Get His Trust Changed—and What It Means for Your Family
When it comes to estate planning, trusts are among the most common and powerful tools you can use to protect assets and ensure a smooth transfer of wealth. However, not all trusts are created...
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Preserving Your Family Lake House: Key Considerations and Common Pitfalls in Passing on Vacation Property
In the world of estate planning, few topics evoke as much passion and sentiment as the idea of preserving a beloved vacation property—especially when it’s a lake house that has hosted countless...
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Understanding the Role of Trustees in Georgia
Establishing a trust is a powerful way to manage your assets and ensure your wishes are carried out. However, a trust is only as effective as the trustee overseeing it. When it comes to estate...
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Can You Pierce the Corporate Veil of a Georgia LLC? Maximizing LLC Benefits in Georgia
Shielding Assets and Limiting Liability Risks For Georgia residents seeking asset protection and business security, forming a Limited Liability Company (LLC) offers enticing benefits. As the name...
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You Need to File Taxes for a Deceased Person? - A Comprehensive Guide
When a loved one passes away, the responsibility of managing their financial affairs often falls on the executor or a surviving family member. Whether your loved one passed in Georgia or another...
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Estate Planning for Your Crypto Assets
Over the years, I’ve helped countless clients in Atlanta, Georgia, and elsewhere, develop comprehensive estate plans, and today I want to focus on an increasingly significant topic: estate planning...
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Should You Form a Family Office?
As wealth grows more complex, traditional wealth management approaches often prove insufficient for families with substantial assets. Having worked with family offices, I've observed how this...
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How Do You Make a Will in Georgia?
Let’s be real: nobody enjoys thinking about what happens after we pass away. But if you own a home, have children, or simply care about who should inherit your keepsakes, it’s essential to think...
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Can You Use a Trust Instead of a Prenup in Georgia?
As couples prepare for marriage in Georgia, many wonder about the best ways to protect their assets and ensure their financial future. While trusts can play a role in asset protection, it's crucial...
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Asset Protection Planning in Georgia: A Legal Guide to Safeguarding Your Legacy
In today's complex financial landscape, protecting your assets has become more important than ever for Georgia residents. Whether you're a business owner concerned about liability, a professional...
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What Happens to Your Estate Plan if You Get Divorced in Georgia?
Divorce significantly impacts estate planning in Georgia, but perhaps not in all the ways you might expect. Understanding how divorce affects various estate planning documents and arrangements is...
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Estate Planning and Procrastinating? - 10 Reasons Why You Should Act Now
The Procrastinator's Mindset: Common Excuses for Delaying Estate Planning As an estate planning attorney in Atlanta, Georgia, time and again I hear common excuses from clients who have delayed...
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Estate Planning Strategies in Different Interest Rate Environments
As we move through 2025, Georgia residents face unique opportunities and challenges when it comes to estate planning. With the Federal Reserve's monetary policy decisions continuing to impact...
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Estate Planning with International Assets or Foreign Family Members
Estate planning can be complex, and when international assets or family members are involved, it becomes even more critical to have a well-structured plan. Whether you own property abroad, have...
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Maximizing Your Inheritance: A Guide to Long-Term Financial Success
While many view receiving an inheritance as a life-altering windfall, research tells a different story. Studies indicate that approximately one-third of inheritance recipients see their wealth...
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BREAKING: Federal Court Blocks Corporate Transparency Act Enforcement Nationwide; Reporting Companies “Need Not Comply” with January 1 Deadline
Federal Court Blocks Corporate Transparency Act Enforcement Nationwide A Texas federal court has issued a nationwide injunction against the Corporate Transparency...
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Understanding Trusts: A Comprehensive Guide by Slowik Estate Planning
In today's complex financial landscape, protecting your wealth and securing your family's future is more important than ever. At Slowik Estate Planning, we specialize in creating customized trust...
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How to Navigate Family Conflict Over Estate Planning Matters
Estate planning is a vital process for ensuring that your assets are distributed according to your wishes. However, it can often lead to disagreements among family members, especially when emotions...
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Your Family Member has a Drug or Alcohol Problem: Estate Planning Guide and Strategies
I. Introduction: The Complex Intersection of Estate Planning and Substance Abuse Estate planning is a crucial process for every family, ensuring that assets are...
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Estate Planning Lessons from Bernie Marcus: A Blueprint for Purposeful Legacy Planning
Bernie Marcus is an Atlanta legend. It’s difficult to overstate the impact he’s had on Atlanta, the state of Georgia, and the United States via his company Home Depot and wide ranging philanthropy....
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Estate Plan Updates Following the Loss of a Loved One
Losing someone close to you brings profound emotional challenges. Whether they were family, a partner, or a cherished friend, it's essential to take time to process your grief and honor your...
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Essential Estate Planning Steps for New Homeowners
Purchasing a home marks a significant milestone in your life journey. Whether you're a first-time buyer or moving to accommodate your changing needs, becoming a homeowner represents a major life...
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How to Disinherit Family Members: A Comprehensive Guide
When it comes to estate planning, one of the more sensitive and difficult decisions may be disinheriting a family member. At Slowik Estate Planning, covering Georgia and New York, we understand...
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Can Medicaid Take My (or My Parents’) Home? How to Plan for Nursing Home Costs
1. Introduction: How Medicaid Covers Nursing Home Costs When it comes to paying for long-term care, particularly nursing home costs, many Americans face a daunting...
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Your Blended Family's Legacy: A Step-by-Step Guide to Estate Planning Success
In today's diverse family landscape, the traditional nuclear family is no longer the norm. Blended families, formed through remarriage or new partnerships, have become increasingly common. While...
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Do You Need a Will if You’re Single with No Kids?
Many people assume that estate planning is only necessary once they have children, but the truth is that everyone, including those who are single and childless, should consider creating a will....
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Estate Planning for Old Age Incapacity and Nursing Home Costs: A Comprehensive Guide
As we age and our family members age, it becomes increasingly important to plan for the future, especially when it comes to potential incapacity and the high costs associated with long-term care....
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Estate Planning in 2024: Why Your Will and Trust Need Urgent Attention
As an experienced attorney in Georgia and New York, I've guided families through changing tax laws and economic shifts. However, the perfect storm brewing for 2024 and beyond is unprecedented. Here...
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Estate Planning in the Digital Age: Protecting Your Digital Assets, Accounts, and Legacy
Our lives are increasingly intertwined with digital technology. From cherished family photos stored in the cloud to online banking accounts and social media profiles, much of what we value exists...
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Lessons from Warren Buffett's Estate Plan: Crafting a Legacy That Lasts
As an estate planning attorney, I've helped clients navigate the complexities of wealth transfer and charitable giving. But every so often, a high-profile case comes along that offers valuable...
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Estate Planning 101: Wills vs. Trusts
Wills vs. Trusts Estate planning is essential for managing your assets and ensuring your wishes are honored after your passing. Two key tools in estate planning are...
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Why You Need an Estate Plan
Reasons Why You Need an Estate Plan Estate planning is often overlooked or delayed, but having a solid plan in place is crucial for ensuring your wishes are honored...
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