Most Tennesseans, including those who are a little older, have a more extensive digital life than they may realize, and it’s essential that their digital assets are added to estate plans. The failure to do so can lead to added costs and inconvenience for heirs or even...
Year: 2019
Remember digital assets while settling your divorce
Married couples share many material possessions over time. In the event of a divorce, some possessions are divided between the spouses. However, it is important not to overlook what happens to digital assets in a Tennessee divorce settlement. Digital assets, such as...
3 Questions every pet parent should consider in their will
Pet owners would do anything to keep their furry friends safe and cared for. However, they often forget to do this in their estate plan. Adding provisions for your pet in your will is a responsible way to make sure your animal receives the care they need in case...
Other alternatives to full-blown probate
As many residents of Tennessee have probably heard, creating a trust is one way residents can eliminate, or at least greatly simplify, the probate process.To review, probate is a court-supervised process through which a person, the executor, collects a deceased...
What evidence do you need to support a VA disability claim?
As previous posts here have discussed, those who served the United States in the Armed Services may be able to qualify for disability payments offered through the Department of Veterans Affairs. Unlike other disability programs, including Social Security, Veterans...
Legal separation is an option in Tennessee
Unlike many other states, Tennessee has fairly broad laws concerning legal separation.For those in the Cleveland area who may not understand the difference, a legal separation is a formal court proceeding in which the family law court will enter orders concerning,...
What is the “elective share” in probate?
Like other states, Tennessee has a provision in its laws for what is commonly called the elective share. The elective share protects the surviving spouse from being left penniless after the other spouse's death`. Presumably, this is because, as a society, we assume...
What is a revocable living trust and why are they popular?
Many Cleveland residents have probably heard about revocable living trusts. This is because many people, attorneys, financial professionals and others, actively promote them as a way to avoid probate and accomplish other estate planning goals.To review, a revocable...
VA benefits package making its way through Congress
The United States House of Representatives has passed a series of measures designed to strengthen the quality of veterans benefits being offered to those who have served this country.The measures are specifically targeted to reduce the rate of suicide among veterans...
What is Medicaid planning?
Probably one of the biggest causes of the so-called middle class squeeze is the high cost of healthcare, particularly as a person ages and requires more medical assistance.By way of example, should someone who has worked hard to accrue some modest assets need to enter...