While many Georgia residents have a will, more estate planning documents may be necessary to address complex issues. The first step in creating or expanding an estate plan should be to make a list of assets and debts. The asset side of this list should include even small items. In many cases, heirs can argue over relatively minor inheritances.
Georgia homeowners generally want to get the most from their properties when it comes time to sell. While some factors influencing a home's value are not in their control, there are several ways to get a higher price. For instance, a homeowner can improve the home's curb appeal by planting flowers or painting the front door. By making the outside look nice, buyers are more likely to want to see what's inside as well.
You have lived in your home for many years now. It holds countless memories, but now that your kids are grown and in homes of their own, it might be time to downsize. You might not want to live in such a big house if it is not filled with friends and family anymore.
Only 15.9 percent of homes that were flipped in the first quarter of 2018 were sold to those who bought them with Federal Housing Administration loans. That is the lowest rate in the last 10 years. Rising home prices are one of the reasons why first-time buyers in Georgia and elsewhere are not buying flipped properties. The median price of a flipped property was $215,000 through the first three months of 2018.
Estate owners in Georgia use trusts for a variety of reasons. Trusts can make the transfer of property easier and less complicated, prevent probate issues and specify instructions for property administration after the death or disability of the grantor.