Limited Liability Companies (LLCs) provide an easy opportunity to protect investment assets such as real estate, equipment, rental properties, and other assets held for business or investment. Although some may try and stretch the asset protection benefits to personally Continue reading →
The Veteran’s Administration is now enforcing a 3 year look-back for gifts made by veterans as part of eligibility for VA Aid & Attendance Pension benefits. Essentially, any transfers by a veteran without fair market compensation will result in Continue reading →
Georgia House Bill 122 to change the Rule Against Perpetuities for trusts. Georgia irrevocable trusts are currently limited to a maximum of 90 years. The proposed change will assist families with legacy planning and protection of assets Continue reading →
Attorney Bryson is speaking at a seminar for professionals about safeguarding the financial future of elderly clients through asset protection. The seminar includes strategies and techniques to qualify for government benefits such as VA and Medicaid. The presentation Continue reading →
House Bill 122 introduced in the Georgia General Assembly in week 2 of the Legislative Session proposes to expand the number of years a trust may hold assets. Currently, the limitation is 90 years. This duration is not an issue Continue reading →
Richard Bryson is no stranger to public speaking. On August 29, 2015, he spoke to a group at Duluth United Methodist about legal issues involving health care decisions. On October 22, 2015, Richard is hosting two events at Continue reading →
Estate Planning is much more than just signing your Last Will & Testament. Many clients believe that a Will supersedes all other contracts and designations. In reality, the outcome is completely the opposite. A Will only controls “probated assets.” What exactly is a probate? In practice, the probate consists of assets not otherwise distributed or handled at your death. Essentially, they are the assets remaining in your name that do not have joint ownership or designations; a bank account that was in solely your name would be “probated” and passed down according to your Will. The following are examples of assets that pass outside of probate and are thus not controlled by your Will.