Central Tennessee Estate Planning Blog
Should I worry about the age of my executor?
You may have the perfect choice in mind to serve as your estate executor, someone like your spouse, a person who will have your best interests at heart. While it is natural to feel that your spouse or another family member is the best pick to close out your estate...
Creating an estate plan to distribute your family farm
Tennessee farmers invest financial resources and time to create a sustainable family business. Farmers have unique estate planning needs, as some of their children may follow in their agricultural footsteps but others may not. University of Minnesota Extension...
QTIP trusts and remarriages
If you are in a second marriage or considering getting remarried and you have children from your first marriage, you should make it a priority to establish a good estate plan that effectively provides for your children and your new spouse. Your estate plan may even...
Body donation or organ donation?
Estate planning tends to center on finances and assets, but it also encapsulates everything that happens to your body when you have died. Whether you are expecting a burial, requesting cremation or insisting to donate your body to science, it is important to...
What can I expect when contesting a will?
Issues with family and inheritances are hard to deal with. This is especially true if a loved one dies and you find that you are not included in their will. You may feel hurt and confused, and you may ultimately decide to contest the will in order to receive your fair...
Understanding your duties as executor
As the executor of a loved one’s estate, you have the honor of distributing assets to the beneficiaries per their wishes. This is a duty most people only have once or twice in their life, so they do not have a deep understanding of the requirements. Being an...
What is the role of an estate executor?
Estate Planning When developing an estate plan, people often choose trusted family members, friends or acquaintances to serve as their personal representatives upon their passing. Known as an estate executor, having a loved one ask you to serve in this role comes with...
Special needs trusts improve quality of life
Having a disability can make life challenging. If a medical condition, illness or injury prevents working, though, a disabled person may have trouble paying living expenses, medical bills and other costs. While needs-based government assistance, such as Supplemental...
How does probate work in Tennessee?
When a person dies and leaves a sizable estate, Tennessee may require probate for some assets. With the probate process, the court supervises the administration of the deceased person's assets and debts, including property distribution. Whether you are planning your...
What is intestacy?
There are a myriad of benefits to having a comprehensive estate plan in place before you pass away. However, it is also important to understand what may happen in the event that you do not take the proper precautions and end up passing on without a will. If an...
