Wednesday, 29 May 2013 18:17

Estate Planning in 2013

Most clients do not feel they need estate planning. What estate? What they do not realize is that if you add the equity in your home, your retirement assets (401Ks, IRAs, etc...) and your life insurance (YES!! Your life insurance is included in your estate for estate tax purposes) that your estate is larger than you originally thought.

This year, in 2013, the estate tax laws enable you, if you die, to pass up to $5.2 million to anyone you know without paying estate taxes. If you are married and your spouse is a United States citizen that spouse also may receive an unlimited amount of your estate with no estate taxes.

So why do I need an estate plan if my estate will be less than $5.2 million? Here are just a few good reasons:

1.What if the laws change? If you purchase new life insurance and the original owner and beneficiary is an irrevocable trust then those monies are not part of your estate for estate tax purposes. If you transfer a life insurance policy into an irrevocable trust you must live for three years and a day after the transfer happens to remove the life insurance from your estate for estate tax purposes. This gives your assets more room to grow without estate tax liability.

2.What happens to my minor children? Without a Last Will and Testament naming a Guardian for your minor children, if a birth parent is not alive, the children can end up in foster care.

3.Who handles my estate if I do not have a Last Will and Testament? What happens to my assets? Also without a Last Will and Testament someone will need to go to court and ask permission to be appointed as Administrator of your estate. That is time and monies. Then they will need to post a bond (more time and money) and provide an accounting of your estate to the court (again more time and monies). Then the assets will go as defined by Georgia Law (the law of the state you reside, if you do not reside in Georgia). A Last Will and Testament will say who gets what assets and appoint positions so the time in the court house is minimal.

4.With no Last Will and Testament doesn't my spouse receive 100% of my assets? Did you know that if you die without a Last Will and Testament your spouse and children will split the monies in percentages according to the Georgia Code, and your children may receive monies free of trust at a very young age.

5.What if I am alive but cannot handle my finances or medical decisions? You also need a Financial Power of Attorney and a Georgia Advance Directive for Healthcare. The Financial Power of Attorney allows you to appoint who will pay your bills and handle your finances if you are unable to do so (you are still alive but cannot handle your finances – car accident, surgery, out of town, etc....). The Georgia Advance Directive for Healthcare allows you to name who will make decisions for you, if you are unable, regarding medical treatment. This also allows you to make some decisions in advance to a medical situation where you may be unable to communicate your wants and needs.

This information is simplified for the purpose of this article. You should always consult an attorney regarding your specific needs. Laura K Schilling, JD, CPA, CSA, CFP® is the founder of Laura K Schilling, Esq., CPA, CSA, a law firm focusing on estate planning. Laura is licensed in Florida and Georgia as a practicing lawyer. Laura also is the founder of Financial Innovations, LLC. This is a fee-based wealth management firm. Contact Laura at This email address is being protected from spambots. You need JavaScript enabled to view it. and visit her website at Securities offered through Triad Advisors, Inc. Member FINRA/SIPC.


Financial Innovations, LLC
5555 Glenridge Connector Suite 200
Sandy Springs, GA 30342
(770) 804-2502

Wednesday, 29 May 2013 17:53

Hot Summer Highlights

Why are highlights most popular in the spring and summer months?
People tend to want to go lighter when the sun comes out and desire a more natural, sun-kissed glow look for the warmer weather.

What are the biggest highlighting trends we'll see this season?
Most people are going for a more subtle look with their highlights and using a triangular technique with an icy shade.

What types of base colors look best with highlights?
Typically any base tone color will work with highlights if done correctly. The key is to put in highlights that complement the eyes and skin tone so that they light up the face.

What are the most flattering options for blondes who want to add highlights?
Everyone has their own preferences on highlights, so it depends on the client's goals. If the client wants something more natural, I would focus on framing the face with the highlights and the areas that would be affected naturally by sunlight. If the client wants something more dramatic and chunky, we would look at other technique like ombre or Balyage.

What are the best highlighting options for brunettes?
Brunettes do best in the long run and between visits if they go with highlights that are two to three shades lighter for the highlights.

Can redheads pull of highlights?
Absolutely. Redheads actually have a lot of flexibility. They can go with a brighter red and even use lowlights to add some additional contrast. They can also go lighter and give a more strawberry-blond color with highlights.

What are the best highlights for someone who wants to freshen up their look without making a dramatic change?
Going with a more natural approach (applying highlights in the same way the sun would naturally highlight the hair) is always a nice way to offer a subtle change that still lights up the face.

What are the best ways to maintain highlights in the spring and summer months?
Take care of them by using good products that are recommended by your stylist. It is important to use products that will not strip the color/highlights and will offer UV protection from the sun.

Are there any highlighting trends for men?
Yes!  There is a very popular and attractive trend in men who are starting to go grey. They are going with highlights and lowlights that will give a salt and pepper look to the hair (think George Clooney). Very hot!


William David Salon
10970-B State Bridge Rd
Alpharetta/Johns Creek, GA 30022

Tamara Brukas received her cosmetology license from the Paul Mitchell School of Esani and has been with the William David Salon since 2009. She is skilled in a variety of applications and services including the latest cut and color techniques, chemical services and highlights.

Wednesday, 29 August 2012 17:59

Georgia Urology

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