answered on Oct 11, 2011
The relevant statute is § 53-12-210, which states in pertinent part as follows:
(2) With respect to an individual trustee:
(A) One percent of cash and the fair market value of any other principal asset received upon the initial funding of the trust and at such time as additional... View More 
Would it be sufficient to have the following in the beneficiary section of the IRA documents: ______________ (guardian) as guardian for the benefit of ____________ (my child)..?
I currently have a revocable living trust for the purpose of leaving life insurance proceeds to said minor child,... View More
answered on Oct 11, 2011
I understand your predicament from a tax standpoint, but I would leave out the guardian designation. A minor, by definition, will have his/her assets controlled by a parent or legal guardian. The trouble, of course, is that he/she can get her hands on the IRA proceeds upon reaching the age 18.
answered on Oct 11, 2011
The statute is in Ga Code section 53-2-1. I copied it in its entirety below. There's also a fine worksheet for making this determination at gaprobate.org here: http://www.gaprobate.org/forms/forms10/060509+determination+of+heirs+wor...
§ 53-2-1. Determining heirs of decedent who died... View More
answered on Oct 14, 2011
If you are unfamiliar with the process of petitioning for discharge as personal representative of an estate, a lawyer can be an important help. Failure to properly serve or obtain consent of heirs in a petition for discharge can mean that the discharge will not be a shield from liability later on,... View More
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