WE MOVED!

We moved our office last month to 1665 Hwy 34 E, Suite 300, Newnan, GA  30265.  Yes, that address is in The Summit Professional Park.  We are just west of The Healthplex - across a parking lot in the new building in the Park.  We are proud to be neighbors of The Healthplex, The YMCA and The Delta Credit Union.  We love it out here in Coweta County as close to Peachtree City as we are to Newnan. Call us today for an appointment if you have need of an Attorney or Lawyer:  

770-253-7778

COWETA COUNTY: A Great Place To Live

Newnan Times-Herald Special-Report

If the World doesn't self destruct SouthMetro ATL, particularly Coweta County's future appears to be dynamic and a great place to raise a family, pursue a career and have a spectacular quality of life at an economical price. I can truly say I love it here.

2010 ROTH ACCOUNTS MAKE SENSE

IF YOU HAVE REACHED THE AGE OF 60 AND WILL NOT BE PENALIZED FOR WITHDRAWING FROM YOUR 401K THEN 2010 SEEMS TO BE THE YEAR YOU SHOULD LIQUIDATE THAT ACCOUNT AT LEAST TO SOME EXTENT AND PUT YOUR MONEY IN A ROTH IRA BECAUSE THE LIMITS ARE NO LONGER IN EFFECT AS TO HOW MUCH MONEY YOU CAN PUT IN A ROTH. Read more about it by clicking ARTICLE

2010: A GOOD YEAR TO REVIEW WITH R K PRATER

2010 promises to be a year full of good changes that can have a substantial effect on your Estate. Time to spend $150 for a conference with us discussing your Estate and the future. With the conference fee you will also get a $75 credit toward another conference, toward a new Will, toward the cost of a Codicil, toward the cost of a Trust or other matter. 2010 for now is the last year to roll over your 401K into a Roth Account, read more by clicking ROTH
Call 770-253-7778 today for appointments in January, 2010.

REVOKING A WILL IS BOTH EASY AND TROUBLESOME

Over the course of my two decades of practicing law I have had several cases involving revoked Wills. The most expensive Probate dispute I have been involved to date included a revoked Will, revoked because the copy of the Will the deceased kept had a multitude of written notes all over every page and then the deceased signed it in front of two witnesses after the deceased had been diagnosed with ~ you guessed it, dementia. Which Will was the true Will? Wills and Codicils are relatively inexpensive so have a professional redo yours today. For more about the subject of revoking a Will click to ARTICLE

WEIRD: CONGRESS FORGET'S ESTATE TAX; A GIFT FOR SOME OF US?

It appears that for at least part of 2010 there may be no need to consider the Unified Tax Credit [Click Here For Article] While Congress frets over whose ox is getting gored it seems on every part of our behemoth government ~ all in the name of sneaky gambits engineered to get us citizens angry at one party or the other and thereby manipulate/sway our voting in upcoming elections, the expiration of Estate Tax has occurred at least for a few months [can we hope forever?] ~ perhaps for a year; of course they will fret that their collective ox is getting gored and probably change that, after all how would our government feed itself without revenue ... hmmm what a novel idea. Anyway, I am not political and back to the point, the quirk is great news if you can use it January.

Newnan Pratlaw || Gift Gift Gift

You can't take it with you and gifts up to $12,000 in 2008 and $13,000 in 2009 to any number of people every year, are not taxed as gifts and you do not have to pay any any gift tax on these amounts. Recipients never owe income tax on the gifts, it is always the giver that pays tax on gifts over the amounts above and still you can give away a million dollars during your life time over and above these gift amounts and never have your estate have to pay taxes on the million dollars. I am reminded of the German practice of giving more vacation to the new young workers so they can vacation while they are young with vacation tapering off as they age. Now is the time to let go of what you have earned by giving your grandchildren, nieces, nephews, children gifts of substantial money each year as long as the gifts are not for more than the amounts set forth above to any single person. In other words, if you have a son with 5 children and you can afford it, give your son, his wife and each of the 5 children $10,000 a piece and be happy. Wishing you the best, I am, R K Prater. Give me a call to discuss this issue and more in detail regarding your Estate and the pleasure of gifting to your loved ones.