On behalf of Richardson & Richardson, LLLP | Jul 26, 2019 | Trusts
A revocable living trust is an estate planning tool that allows you to transfer ownership of certain assets into a trust while maintaining control over them. When you create a living trust, you become the settlor. You must also name a trustee. With a revocable living...
On behalf of Richardson & Richardson, LLLP | Jul 15, 2019 | Estate Planning
Estate planning is a major concern of many Americans in Tennessee and across the country. However, according to the AARP, nearly 60% of Americans lack any sort of estate planning whatsoever. This can lead to serious legal snarls after death or maybe even before it. If...
On behalf of Richardson & Richardson, LLLP | Jul 2, 2019 | Estate Planning
Creating a will or trust in Tennessee involves preparing legal documents and then signing them in front of a notary public. With the passage of the state’s Online Notary Public Act, notaries may provide services through two-way audio and video communication, as...
On behalf of Richardson & Richardson, LLLP | Jul 2, 2019 | Estate Planning
If you have a sizeable estate, chances are you want to pass it on to your heirs according to your own wishes. But if your assets and wealth exceed the 2019 estate tax limit of $11.4 million for individuals or $22.8 million for couples, you may end up paying a...
On behalf of Richardson & Richardson, LLLP | Jul 1, 2019 | Probate and Estate Administration
The duty of an estate executor is to settle the estate of someone who has died. Naturally, many Tennessee executors have no desire to drag out closing an estate and want to distribute the estate’s assets to heirs as soon as possible. However, there are reasons not to...
