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Young adults, are you taking care of estate planning?

After getting their diplomas, high school graduates usually have a million and one things on their minds. However, for all of the items on their to-do lists, estate planning rarely makes an appearance. While young adults in Georgia rarely see the point of crafting an estate plan, putting necessary protections in place is an essential aspect of leaving adolescence behind.

Contrary to popular belief, estate planning encompasses much more than what happens to a person's assets after his or her death. One of the most important aspects of estate planning is protecting a person's interests and wishes in the event that the individual is unable to do so. For teenagers, parents have the legal right to make important medical decisions on their children's behalf. Once they turn 18, parents usually cannot continue doing so.

Key considerations for a care plan health care agent

As a service member, you served others. As a veteran, it is time to allow others to serve you.

When it comes to your care plan, selecting a health care agent is a critical decision. To aid in this process, there are a few considerations that you must think about.

Still need your veterans' benefits? We can help

The men and women in Georgia who have served in the armed forces often face additional hardships and burdens that may be difficult for the average person to fully understand. There are many veterans' benefits that can help you afford better long-term, necessary care related to your service. Obtaining those benefits, however, is not always straightforward.

Leaving the armed services and entering the civilian world can be a difficult transition. Many former service members end up struggling financially despite years of service, training and experience. The Veterans Aid and Attendance Pension is available for veterans who served during times of war, even if they did not necessarily engage in any fighting themselves. You may qualify if you have a disability or if you are currently low income.

How special needs trusts help during estate planning

Georgia parents who have children living with special needs face a million little worries every day. From wondering about their child's development to fretting about the future, the job can be overwhelming. However, with careful estate planning, most parents can feel well-assured about their child's continued care in the future.

Supplemental Security Income, Medicaid and even subsidized housing are all important services that many people living with disabilities utilize. However, since these are generally needs-based programs, ensuring the continued qualification even after a child becomes an adult can be tricky. And what about when a parent or other family member passes on, leaving that heir with a sudden influx of money that ultimately kicks the individual off of these services?

What does basic estate planning cover?

Since each person in Georgia has their own unique collection of assets and property, differing number of heirs and varying priorities, no two estate plans look alike. However, while the contents of a person's estate might look quite unique, it will still utilize at least the basic estate planning documents. These includes wills, powers of attorney and health care directives. 

Wills are perhaps the most well-known estate planning document. In a will, a person can list assets, beneficiaries and more. Many choose to detail their funeral wishes which, while an uncomfortable task for some, can make things easier for grieving family members. 

Some veterans eligible for upped pension benefits

The men and women who bravely served our country can experience financial challenges as they get older. Wartime veterans who are 65 or older, who are disabled or who are in nursing home care can generally pursue VA Pension benefits to help with such challenges, provided they fall within the income and net worth limits that have been set.

Some veterans who qualify for VA Pension benefits can also be eligible for additional financial relief. There are two main add-ons to standard VA Pension benefits. These are:

5 tips for getting started on your estate plan

Creating an estate plan can seem like a daunting task. Also, it may make you uncomfortable to prepare for what happens after you die. There are so many reasons you may procrastinate estate planning. While this is understandable, it is important for you to start. 

Estate planning does not need to be as scary or complex as it seems. Here are some easy steps to stop postponing the estate planning process:

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