Reserve Your Seat For A FREE Estate Planning Workshop
• Does my Will protect my “stuff”? (It does not.)
• Should I upgrade my Will to a Trust?
• What do I need to know about Revocable Living Trusts?
April/May Workshops:
Thurs., Apr 17 - 12pm (lunch and learn)
Tues., Apr 29 - 4pm
Thurs., May 1 - 12pm (lunch and learn)
Tues., May 13 - 4pm
Fri., May 16 - 12 pm (lunch and learn)
Tues., May 27 - 4 pm
Thurs., May 29 - 12 pm (lunch and learn)
• How do Irrevocable Trusts work?
• Medicaid. What’s true and what’s not?
• How do I protect my assets for my family and legacy?
• How do I remain in control?
• How do I avoid losing everything to nursing home costs?
• How can my family avoid probate?
Attend our FREE Educational Workshops. Reserve your Spot and Get a FREE Consultation for attending the Workshop (a $500 Value) CODE: herald2023
1100 Cambridge Square | Suite B | Alpharetta, GA 30009 | 770.209.2346 | lisa@gklawgroup.com
The consequences of not having a Property Estate Planning done by an attorney
Brought to you by - Estates Law Center USA
Take the example of a well-known celebrity, let’s call him “Chris.” Chris was a beloved actor with a career spanning decades. Despite his success and substantial fortune, he never took the time to create a comprehensive estate plan. When Chris unexpectedly passed away, his family was left to navigate the complex and often confusing legal process of distributing his assets.
1. Legal Battles and Family Disputes: Without a clear and comprehensive estate plan, Chris’s family found themselves embroiled in legal battles. Different relatives claimed entitlement to various parts of his estate, leading to prolonged court cases and strained family relationships. A well-drafted estate plan could have provided clear instructions and prevented much of the discord.
2. Financial Burden: Chris’s estate was subject to significant taxes and fees that could have been minimized with proper planning. Estate planning tools such as trusts can help reduce the tax burden and ensure more wealth is passed on to
heirs rather than lost to taxes and legal costs.
3. Delayed Distribution of Assets:
The absence of a comprehensive estate plan meant that the distribution of Chris’s assets was delayed significantly. Probate, the legal process of distributing a deceased person’s estate, can be time-consuming and complicated. An estate plan can streamline this process, ensuring that beneficiaries receive their inheritance more quickly.
4. Business and Real Estate: Without a proper trust, Chris's real estate and business had to be liquidated to pay off the creditors at a substantially reduced price due to the probate process and disputes between the beneficiaries as to keeping or selling the business and real estate.
5. Unfulfilled Wishes: Without a comprehensive estate plan, there’s no guarantee that Chris’s assets were distributed according to his wishes. An estate plan allows individuals to specify exactly how they want their assets allocated, ensuring their intentions and wishes are honored after their death. Sign up for our upcoming workshops and webinars to learn more.
Robert E. Krimmel named president, chief executive officer and director
Brought to you by
ALPHARETTA, Ga.— Touchmark Bancshares, Inc. (OTC Pink: TMAK), the holding company for Touchmark National Bank, today announced that Robert E. (“Bobby”) Krimmel was appointed as its President, CEO and director of Touchmark National Bank. Krimmel most recently served as Chief Administrative Officer of First Farmers and Merchants Bank and Chief Financial Officer of First Farmers and Merchants Corporation. Krimmel succeeds Dr. J.J. Shah, who is retiring from Touchmark National Bank after seven years of service. Dr. Shah will remain on Touchmark’s Boards as Chairman.
During his almost 10-year tenure at First Farmers and Merchants Bank, Krimmel positively impacted financial results by growing net income by 56%, maintaining annual average core earnings per share growth rate of 8%, and reducing operational efficiency by 5%. At First Farmers, Krimmel successfully managed most of the major support functions including accounting, treasury, information technology, project management, internal controls, information security, fraud, risk management, facilities, management reporting systems, corporate communications, and shareholder services. Additionally, Krimmel provided executive leadership to the internal audit and the regulatory compliance functions and was the primary liaison for all regulatory authorities and external auditors.
Commenting on the announcement, Dr. J.J. Shah, Chairman of the Boards of Touchmark Bancshares, Inc. and Touchmark National Bank, said, “After seven years as President and CEO of Touchmark National Bank, I have decided to step down to spend more time with my family and welcome the next generation of leadership to Touchmark National Bank. We are excited to have someone with Bobby’s strategic vision and experience to lead Touchmark National Bank into its next chapter of growth. We think we have the right leader to oversee dynamic change with a focus on deepening our ties to the Alpharetta and other local markets.”
“We are grateful for the leadership and steady hand Dr. Shah provided to Touchmark for the past seven years,” said Byron Richardson, lead director
of Touchmark Bancshares, Inc. “Since joining Touchmark as lead director last year, I believe the future is bright for local banking opportunities and that Bobby is the right fit to lead Touchmark National Bank into the future.”
Commenting on his new role, Krimmel said, “Touchmark National Bank is located in one of the most vibrant parts of the Atlanta MSA with more than 600 technology companies and a growing local economy. I look forward to working with the Touchmark team to enhance the bank and grow its brand in the north Fulton County market with a focus on small business banking.”
Prior to joining First Farmers, Krimmel served as Senior Vice President and Chief Accounting Officer for HeritageBank of the South in Albany, Georgia. While at HeritageBank, he managed the accounting, treasury, tax, accounts payable, loss-share accounting and reconciliation departments. He also directed HeritageBank’s investment portfolio, managed the interest rate risk analysis, and was responsible for Security and Exchange Commission and regulatory reporting. Before joining HeritageBank, Krimmel was Vice President and Controller at Green Bank in Greenville, Tennessee.
Krimmel is a Certified Public Accountant and has completed the Graduate School of Bank Investments and Financial Management and the Financial Managers School. He holds Bachelor of Business Administration and Master of Accountancy degrees from East Tennessee State University. He is the past Treasurer of the Boys and Girls Clubs of South Central Tennessee, Vice Chairman of Habitat for Humanity Williamson-Maury, Treasurer for Cub Scout Pack 369 and youth basketball coach.
About Touchmark Bancshares, Inc. and Touchmark National Bank
Touchmark Bancshares, Inc. is the holding company for Touchmark National Bank, a community bank founded in 2008 and headquartered in Alpharetta, Georgia, serving north Fulton, Gwinnett, Cobb and Dekalb counties. As of December 31, 2024, Touchmark reported total assets of $449 million and total shareholders’ equity of $72 million. For more information about Touchmark, visit us at www.touchmarknb.com under Investor Relations.
Bobby Krimmel
