Adjusted Gross Income (AGI): An interim calculation in the computation of income tax liability. It is computed by subtracting certain allowable adjustments from gross income.

Administrator: A person appointed by the court to settle an estate when there is no will.

After-Tax Return: The return from an investment after the effects of taxes have been taken into account.

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Recovering the Loss of Value in Your Vehicle Value After an Accident
“Diminished Value” is often unknown to the typical Georgia driver and, when known, is most likely a misunderstood insurance policy provision. When any motor vehicle has been in an accident, its value depreciates ~ crashes (kinda like the vehicle did).  Back in the old days, before Carfax, it was a difficult for the average used car buyer to know if a vehicle had been in an accident.

Defining Diminished Value
Diminished Value (“DV”) is the reduction in a vehicle’s fair market value after a vehicle has been damaged in an accident, even if repaired to the highest standards available today.   In Georgia, the Supreme Court ruled that insurance companies are required to pay Diminished Value claims in a 2001 case.  (See State Farm Mutual Automobile Insurance Co. v. Mabry, 274 Ga. 498, 556 S.E.2d 114 (Ga. 2001)). 

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An Advance Directive is a written statement that is made in advance of (before) a serious illness or injury. An Advance Directive indicates your choices about how you want medical decisions made to be made about your health IF you are unable to make the choices on your own. Most people understand the term “Living Will” which is the earliest form of an Advanced Directive. Another common form of an Advance Directive is a "Durable Power of Attorney for Health Care." Although these two documents share a common objective, they are different. People often ask their attorney if both are needed (possibly in an effort to save a few dollars on their Estate Planning fees). The way the documents were initially crafted by state legislatures, the answer is that you have better protection when you execute both documents. Now Georgia and many states are combining these documents into a single Advance Directive document. In Georgia that document is called the Georgia Advanced Directive for Health Care and it became effective on July 1, 2007.

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Politics. Love it or hate it when it's the season for Presidential politics, you can't escape the political onslaught. Since Kennedy and Nixon in 1960, presidential campaigns have been run like a new product launch. Business people can learn a lot about promotion from politics to help your business grow and succeed.

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Often, after being injured in a car accident, an injured person is in a reduced mental and physical capacity. The injured must to rely on the help and generosity of others through this difficult ordeal. The list of people relied upon after sustaining a serious injury includes family, friends, medical professionals and, of course, an insurance company.

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20 or more years ago the Georgia Insurance Commissioner sponsored a bill in the state legislature which terminated No-Fault coverage (PIP) in Georgia. Drivers were left with the decision whether or not to purchase Med-Pay coverage. If you have Med-Pay coverage, you have the ability to have your medical bills paid to the limits of the coverage you purchased. In our experience only a minority of Georgia drivers have purchased Med-Pay and of those with Med-Pay coverage only a modest amount was purchased. For people with serious injuries as a result of an automobile accident medical bills may be several thousand dollars.

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