Central Tennessee Estate Planning Blog
What are your options for business succession?
Tennessee business owners like you have a lot on your plate when it comes to deciding how to pass your business down. After all, a time will come when someone else must step up and take the wheel. How you want this to happen will shape a lot of the business ownership...
What happens in probate?
Probate is a process that is often misunderstood. Even if you know a little about it, you may not really know what it entails or what to expect to happen during the process. According to FindLaw, probate is a court process where the court ensures your estate undergoes...
What can a living trust do for my estate?
Most American adults are aware of the function a last will and testament provides. However, living trusts are better than wills in certain situations. Particularly for high-asset estates, living trusts can help you manage your assets to their fullest extent. According...
Farm succession when your heir does not want the family business
Family-owned farms may run into succession problems when an heir announces that he or she has no desire to take over the business. By not creating a contingency plan, an unexpected emergency could leave dependents without reliable income streams. Even if an heir has...
POAs help you and your family manage emergency situations
Life can throw you a curve when you least expect it. You might suffer a serious illness or become the victim of an accident that leaves you incapacitated. The powers of attorney for healthcare and finances are estate planning tools that will help you and your family...
Is a family member your best option for an executor?
Tennessee residents like you want your matters to get handled well after your death. This means having your estate plan in order well before you may think you need it. To have a solid estate plan, you need to start with a solid base. This means focusing on your...
Is this a warning sign for undue influence?
Tennessee laws dictate how you write and observe an estate plan. By following the law, you can circumvent any potential issue you may have with the passing down of assets, money and so on. Or so things go when there is no interference. Unfortunately, there are some...
The function and benefit of a trust
People who carefully accumulate, organize and maintain financial assets most likely wish to have ongoing control over them throughout their life. Failure to adequately plan for unforeseen circumstances may inhibit a person's ability to have control over his or her...
What are the most common ways to transfer business ownership?
Tennessee business owners like you dedicate some estate planning time to your business. After all, you must plan what will happen to it after you let it go. This complex process includes figuring out how you want to transfer business ownership. You have many options...
3 ideas for discussing your estate plan with grown children
Estate planning offers you many options for preserving and distributing your assets according to your wishes. However, the success of your plan may depend on discussing the matter with your children beforehand. You may be understandably reluctant to have this...
